Tag: UMS

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

UMS Stock Code 558.SGX

Outlook

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.

Strategy                  

$1.16                 Buy

$1.29                 Price Target

$1.07                 Risk Management Stop

3 weeks              Trade Duration

UMS Stock Code 558.SGX

Outlook

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.

Strategy                  

$1.29                 Buy

$1.36                 Price Target

$1.25                 Risk Management Stop

3 weeks            Trade Duration

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

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