$UOB(U11.SI)$ So, can UOB claim the 43 level again? Or is the EMA going to be the new resistance? Weekly and Monthly charts show it to be above the 50EMA, which suggest bullish momentum is still there. With all that is going on, can banks still be the traditional safe haven in troubled times?
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- CarterSilas·10-19 17:12I would not call banks a safe haven here. Above 50EMA is fine, but higher rates can turn credit risk into the real pressure point before 43 gets reclaimed.LikeReport