UPP (technical)

UPP: OCBC sees further recovery after the stock initiated strong bullish breaks above both its upper channel boundary and $0.36 key resistance on heavy volume yday. Says MACD is still trending higher steadily at the moment, suggesting that the upside momentum is likely to continue. Tips the counter could potentially head higher towards the next key obstacle at $0.45 (key peak) in the weeks ahead. Immediate support at $0.36, with stop-loss exit slightly below at around $0.34.