UPP (technical)

UPP: OCBC says the counter could resume its long term uptrend mode after initiating a strong rebound at its 100-DMA, 5-month uptrend support recently; this was followed by a bullish break of its $0.36 immediate resistance on heavy volume yesterday. Notes MACD is still climbing towards the centerline following a recent bullish crossover; this suggests that the upside momentum is building up again. Tips the counter is likely to head higher towards the next key obstacle at $0.45 (key peaks) in the weeks ahead. Eyes immediate support at $0.36, with a stop-loss exit slightly below at around $0.34.