UMS Stock Code 558.SGX
Outlook
Price broke above the cloud 3 days ago, changing the chart outlook to bullish. This morning, price broke above a recent high, creating an Ichimoku reversal with a V-shaped price projection target at $1.31. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the Ichimoku breakout, it could be heading towards the price target at $1.31 in the next 2-3 weeks.
Strategy
$1.19 Buy
$1.31 Price Target
$1.12 Risk Management Stop
3 weeks Trade Duration
