UOB Bank seems like forming a Right Shoulder of a Head and Shoulders pattern. The neckline is at about $18.10 which is also a 78.6% Fibonacci Retracement Level. Price target for the breakdown is about $16.00
UOB Bank: Forming a Right Shoulders?
- Post author:Marubozu
- Post published:July 18, 2010
- Post category:UOB Bank
- Post comments:0 Comments
Tags: Head and Shoulders