Friday, August 14, 2009

UOB possible movements?

Just a hunch for possible price movements for UOB:

A possible symmetrical triangle? Might not happen, but it might.

What's still positive is that the 20 day moving average is supporting the price well. RSI has come down to 56% and stochastics are showing possible crossover.

Furthermore, the bollinger bands appear to be closing up, signifying a sudden price movement might be in the horizons...

Interesting, isn't it?

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