Singapore's UOL Group hits over 9-mth high; chart suggests further upside

UOL

15/04/2019 06:44

** Shares of UOL Group Ltd  UTOS.SI  gain as much as 1.24
pct to S$7.37, highest since July 5, 2018
    ** Stock breaks above a resistance at S$7.277, the 38.2 pct
Fibonacci retracement level of the downtrend from Nov. 1, 2017
high to Dec. 26, 2018 low https://tmsnrt.rs/2VGpAM6
    ** Breakout suggests that in the near term stock may test
the next resistance at S$7.7, the 50 pct retracement level
    ** Trend intensity(TI) indicator rises two points to 31,
suggests prices are trending upwards, MACD is positive and above
its signal line
    ** Stock trades at a 12-month forward PE of 15.78, which is
at a discount compared with the average forward PE of 16.17 for
the large- and mid-cap real estate companies in Singapore
    ** Stock up 17.6 pct this year as of last close,
outperforming the broader index's  .STI  8.6 pct gains in the
same period
      

 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))