UOB (technical)

UOB: Trading Central notes stock remains capped by a LT negative trend line, and recently validated a bearish reversal after the break down the support of its 20-day & 50-day SMAs. Furthermore, both the 20-day and 50-day moving averages are turning down, and act as resistance now. RSI also broke below its 50% neutrality area, and stays in a negative trend. As long as $21.35 is not surpassed, likely return to $19.3 and $18.6 in extension.