CFD Trading – Buy UMS (558.SGX) @ $1.16. Stop @ $1.07 and Target @ $1.29.

UMS Stock Code 558.SGX


Price, after reaching a high at 1.29 on 15 December 2022, went into a correction. The correction was supported above the cloud, keeping the bullish price trend intact. Price also managed to stay above the Fibonacci 50% correction point, hinting that this decline is a corrective decline. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is above the zero line and hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.29.


$1.16                 Buy

$1.29                 Price Target

$1.07                 Risk Management Stop

3 weeks              Trade Duration

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