TA of UOB and SIA

Responding to our fellow reader Fred Ong's request I shall analyze these 2 stocks.

Without considering the general market trend (which is highly important in these few months), these are what I feel about these 2 stocks

1. UOB

• The trend in general is not strong, I feel that it will be heavily dependent on the STI
• The parabolic SAR does not show a buy/sell call. I.e its neutral
• Its in the middle of the lower and middle of the bollinger band

My conclusion: I would not trade this stock yet, till more definite trend shows. I would wait till the stock hit at least $14 before going long.

1. SIA

• Moving Averages are bullish
• Went up the middle of the bollinger band ( bullish)
  
• However no definite signal from the Parabolic SAR

My conclusion: I find the parabolic SAR a major indicator that I use. In this case, this indicator does not show a definite buy call. And hence I will most probably not buy it using my set of rules. Will need for it to go up to at least $12.40 before I will go long.


*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.