OUE (technical)

OUE: Technical Sell Call by UOB kay Hian with a potential 6.3% return. House maintains SELL with $2.38 TP. Note that Prices have formed a harami cross which could be bearish should there be a follow through selling pressure. Its mid Bollinger band could offer support if the stock retrace. Stochastics indicator has formed a bearish crossover and a bearish divergence could be formed at its MACD histogram as well. Stops could be placed at above $2.62. House institutional research has a fundamental BUY TP of $3.10.