UOL

From TA point of view, it is on a downtrend mode chart patterns, looks rather bearish! Today Gap down coupled with high volume, this is rather negative and may likely continue to see it share price sliding down towards South!

 The current price of $6.21 is trading below its SMA lines. Another bearish factor and might see further weakness going forward.

 This could well be a good candidate for shortist to ride on this bearish down swing. Short term wise, we may likely see a short rebound and then continue to edge lower to revisit $6.00 then $5.60 with extension to $5.20.

 Not a call to buy or sell.

 Pls dyodd.






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.