SGX (technical)

SGX: UOB Kay Hian has Technical Sell Call with $7.20 TP and stops at $4.35. Note that potentially, prices may swing lower should it break below its 50-day moving average. Currently prices have fallen below its immediate rising trendline. Its Stochastics indicator has formed a bearish crossover and has turned down. Watch to see if its mid Bollinger band could now act as a resistance rather than a support. House insti has a fundamental Buy Call with $7.70 TP.