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Thursday, July 5, 2018

Super oversold rally counter

UOL : today price is up 24 cents to $7.75. price shoot up 3.2% + high volume, this could be an indication of a trend reversal.
Short term wise, seems rather bullish!





It may likely continue to head higher!



Company Description



UOL Group Limited, through its subsidiaries, primarily engages in property development and management, property investments, and hotel businesses. Its property development projects include residential units, office towers and shopping malls, and hotels and serviced suites. The company also owns and/or manages approximately 30 hotels under the Pan Pacific and PARKROYAL names in Asia, Oceania, and North America with approximately 10,000 rooms in its portfolio. In addition, it is involved in the rental of serviced suites, commercial offices, and retail malls; treasury services business; management of serviced suites; operation of restaurants; and management and operation of health and beauty retreats and facilities. Further, the company engages in the retail of computer hardware and software; property trading business; management and licensing of trademarks; retail management consultancy services business; and provision of information technology related products and services. UOL Group Limited has operations in Singapore, Australia, Vietnam, Malaysia, the People’s Republic of China, Myanmar, and the United Kingdom. The company was formerly known as United Overseas Land Limited and changed its name to UOL Group Limited in 2006. UOL Group Limited was founded in 1963 and is based in Singapore.



Similar action/patterns is also being happening for Wing Tai another property counter.



A super oversold rally!
Price is up 5 cents today to close above the psychology level of $2.00 at $2.03.



Short term wise, it may likely move up to test $2.10 and above .



pany Description

Wing Tai Holdings Limited, an investment holding company, engages in property development, property investment, and retailing businesses in Singapore, Malaysia, the People’s Republic of China, and Australia. The company develops residential and commercial properties; and invests in and manages serviced residences under the Lanson Place brand name, as well as manages a boutique hotel in Hong Kong. It is also involved in the manufacture and retail of textile garments; the provision of consultancy and advisory services; and project management and property maintenance activities, as well as in the fund management business. As of June 30, 2017, the company operated 206 stores. Wing Tai Holdings Limited was founded in 1955 and is headquartered in Singapore.





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