UMS Stock Code 558.SGX
Outlook
After reaching a high of $1.56 on 19 November 2021, price went into a decline. The price correction is currently supported by a previous low support. As long as price can stay above this support, the uptrend remains intact. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. We are expecting price to be supported by the previous low support and a rally to follow to the previous high at $1.56 in the next 2-3 weeks.
Strategy
$1.45 Buy
$1.56 Price Target
$1.38 Risk Management Stop
3 weeks Trade Duration
