UOB (technical)

UOB: Trading Central notes the stock remains positively oriented, having strongly rebounded off its $18.60 support (61.8% Fibo retracement from the the previous up move). Both the bullish 20 day and 50 day moving average are upward oriented, and should push the stock higher. Moreover, RSI stands above the neutral area and is turning up. Believes a new advance toward $20.00 and then $21.00 seems the more likely scenario, as long as $18.60 holds on the downside.