Dapai has formed a Double Bottom and currently just trading above 20D, 50D and 200D MA, plus has moved above the 61.8% Fibonacci support level. What Dapai needs now is just a little push in volume to make this double bottom breakout successful with a price target of $0.27.
DBS is currently forming a Symmetrical Triangle and currently just trading below the 200D MA. DBS was unable to break the previous resistance of $15.28 on two occasions. Breaking down this symmetrical triangle will send DBS share price to $12.30. Downside risk is much higher than upside potential as this is not the stock to go long at the moment.
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.
