Decades-long trendlines of UOB (U11.si) for value investors
For future reference
I would pay special attention to red line in the middle that connects 4 turning points. With 4 points, this could be a high-probability support that market would be looking out for. For long term investors willing to wait for crisis lows for some value investing, if UOB corrects to red line it would be trading at slightly over 30% discount from current price.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’.
“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.