UMS Stock Code 558.SGX
Outlook
Price broke above the cloud on 26 July and has been trading above the cloud since the breakout. In the previous trading session, price was support by the conversion line above the cloud. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is above the cloud, confirming the bullish price trend. MACD is bullish with both its lines above the zero line. If price can stay above the cloud, it could be heading towards the resistance level at $1.27 in the next 2-3 weeks.
Strategy
$1.18 Buy
$1.27 Price Target
$1.13 Risk Management Stop
3 weeks Trade Duration
