UOB - XD on Monday likely to go down to test 29 with dividend amount of 88 cents! Chart wise, bearish mode!
If 28.97 cannot hold, we would likely see her going down to revisit 28.00/27.98.
The local bank are showing the same candlesticks patterns likely to continue to go lower!
The record profit has more or less Peak and net profit is showing sign of weakness! Their netprofit going forward would likely be lowered!
With rate cut and recession looming in the US, bank likely see further weakness!
Pls dyodd.
5th August 2024 update:
UOB - Gapped down this morning plus high volume this is rather bearish! Broken down the 30.00 support level likely to go down to test 29.56.
If 29.56 cannot hold then we may see her drifting lower towards 29.00 with extension to 27.90.
Pls dyodd.
No comments:
Post a Comment