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Focusing on UOB and Sembcorp: Positive Price Trends

This article will focus on United Overseas Bank Ltd and Sembcorp Industries Ltd.

In this article, we will focus on United Overseas Bank Ltd and Sembcorp Industries Ltd. The price trend of United Overseas Bank shows strong buying momentum, while the price trend of Sembcorp Industries suggests a potential significant upward trend.

Here are some key points of technical reports:

United Overseas Bank Ltd

Market positioning: UOB has been designated as a "technology buy" as the stock has been on an upward trend for over four consecutive months.

Admission prices and support levels: The recommended admission prices are SGD 30.52, SGD 30.04, and SGD 29.37, with support levels of SGD 29.91 and SGD 28.00.

Stop loss and resistance levels: It is recommended to set the stop loss level at SGD 28.95 to manage risk, with resistance levels expected at SGD 30.66 and SGD 32.04.

Target Price: Based on technical analysis, the target prices are set at SGD 32.00, SGD 33.10, SGD 33.50, and SGD 33.70.

Company profile: UOB provides a wide range of financial services, including personal financial services, wealth management, and private banking.

Sembcorp Industries Ltd

Market positioning: Sembcorp Industries has been designated as a "technology buy" and its price trend remains positive.

Admission prices and support levels: The entry points are set at SGD 5.45, SGD 5.27, and SGD 5.14, with support levels at SGD 5.13 and SGD 4.96.

Stop loss and resistance levels: It is recommended to set the stop loss level at SGD 5.06, with resistance points at SGD 5.54 and SGD 5.75.

Target price: Target set at SGD 5.75, SGD 6.00, SGD 6.50, and SGD 6.60.

Company profile: Sembcorp Industries provides utilities and comprehensive services for industrial sites.

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