UMS Stock Code 558.SGX
Outlook
Price broke above a V-shaped Ichimoku structure the in the previous trading session, hinting at a bullish price trend ahead.
Conversion line and Base line had a bullish crossover and is hinting at 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 above the zero line and is hinting at a bullish price trend. If price is able to stay above the Ichimoku breakout, it could be heading towards the previous resistance high at $1.45.
Strategy
$1.32 Buy
$1.45 Price Target
$1.26 Risk Management Stop
3 weeks Trade Duration
