United Overseas Bank (UOB): Bear Bear Bear!
UOB Bank continue its bearish trend after recent rebound to test the 50D MA resistance but failed. No change in target price of $15.24 base on previous analysis.
Singapore Airlines (SIA): Free Fall Starts Again?
Singapore Airlines (SIA) just break the suppport and drop out from a 3 months uptrend channel. All technical indicators like MACD, RSI, Stochastic, Bollinger Band, Parabolic SAR indicates bear is coming back for SIA again. What missing now is the volume. Will this be another free fall for SIA again?
Previous Singapore Airlines Head and Shoulder chart pattern and target price.
Singapore Exchange (SGX) Continues in the Down Trend Channel
SGX is still trading in a down trend channel and have reached the 38.2% Fibonacci Support. If this support is broken, SGX will be heading towards the 23.6% Fibonacci Support at about $5.22. All 20D, 50D and 200D MA are trending down and have no sign of reversal or bottom up yet.
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