CFD Trading – Buy UMS (558.SGX) @ $1.29. Stop @ $1.25 and Target @ $1.36

UMS Stock Code 558.SGX


Price reached a high of $1.36 on 13 September 2022 and went into a price consolidation. During the price consolidation, price was supported by the base line, keeping the bullish uptrend intact. We are expecting the base line to support price going forward and price to stay above the cloud. Conversion and Base lines remained in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both lines above the zero line. We think price is likely to move higher to previous high at $1.36 in the next 2-3 weeks.


$1.29                 Buy

$1.36                 Price Target

$1.25                 Risk Management Stop

3 weeks            Trade Duration

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