UOB has formed a Head and Shoulders pattern which is a trend reversal pattern, and currently trading just above the neckline of $18.10. UOB share price is trading below the 20D, 50D and 200D MA as well. Breaking below this neckline will confirm the breakout and send UOB share price to $15.30. The chart looks bearish and downside risk is higher than upside potential. It is better to be safe instead of going long.
OCBC Bank has formed multiple tops with resistance at about $9.13 and currently trading in a Rising Wedge. Rising Wedge is a reversal pattern in an uptrend. Breaking down this Rising Wedge will send OCBC share price to $7.40. OCBC stock price is currently trading just above the 200D MA support. This 200D MA support coincides with the Rising Wedge Support. The chart looks bearish at the moment.
DMX Tech breakout from a Falling Wedge and reach the price target of $0.54. It is time to get out at this level due to the following reasons:
It is time to take profit and keep money in your pocket! Good luck!