OUE (technical)

OUE: still remains in a medium term downtrend . The key indicators have started hook back up, but even if the $2.50 support-turned-resistance is retraced, the next level at $2.60 offers stiffer resistance. Prefer to watch for a break below the $2.42 low on 9 Oct, which could signal further downside to the 52-wk low of $2.31.