Following up from blog post 3 weeks back when UMS was at 0.95 >> http://singaporetradinginsights.blogspot.com/2018/05/ums-downside-target-hit-but-cautious.html
We were looking at more selling and seems like it is still playing out with it heading towards our next lower revised target at 0.800…
We have revised our target lower over the past weeks on more bearish price actions seen…
See what were sent out…
Would want to be careful of more weakness if 0.800 fails to hold… where target can be revised lower too..
As mentioned in previous post, we actually had a 1ET bearish entry signal from the PTI system….
On 3 May 2018….
And then the selling started….
Still no exits… See what I mean… cautious…. tech still looks weak for now...
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