UOB (technical)

UOB: Last week on 26 Mar, we stated that recent strength on the short-term uptrend hasn't shown any weakness with ADX still on the rise. Since then, the counter has continued its strength, extending RSI and Stochastics into the overbought region. Going forward, counter may see a slowdown on the extended RSI and Stochastics. Near term support at $21.40 followed by $20.00, while resistance levels are at $21.80 followed by $22.00.