UOB (technical)

UOB: Trading Central notes the stock recently accelerated its move up, supported by an ascending 20day moving average. In addition, RSI remains bullish above its rising support. Share price has hit its 5 yr high, and the house believes there still exists large upside potential before the stock hits any key resistance. As long as the stock stays $20.80, says to look for a continuation of the rebound toward $22.80 and $23.40 in extension.