UE E&C

UE E&C: Technical Sell call by UOB Kay Hian with a potential 9.5% return. Recommends SELL with $0.525 TP. Note that stock is likely to retreat as the stock could be forming a lower high as it failed to break above $0.605. The Stochastics indicator could cross below its signal line in the overbought region, suggesting that prices are likely to take a breather. Alternatively, investors may exit their longs if prices move above $0.605.