UOB - Requested by HT Mama

UOB

UOB has formed a lower high lower low, which means its short to mid term trend will be bearish.
A shooting star is shown on Friday however the vol was very low.
Furthermore, UOB is below the 20MA and also got resisted on Friday.

If you're shorting, targeted take profit price will be around 17.15 fibo level 38.2 which also coincides with the 50MA.
*Note: watch the 200MA if its able to support UOB, else it will definitely fall.