Beng Kuang Marine (technical)

Beng Kuang Marine: UOBK Technicals tips SELL with TP $0.165, should the stock continue to retrace and close below its immediate rising trendline. Says watch to see if the stock could test the low on 8 Apr as prices have closed below its 20 day EMA. If this continues, the moving average is likely to turn down and cross below its 50 day EMA. MACD has hooked down and could move below its centreline. Protective stops could be placed at $0.187.