Juliac
Long

OUE - Inverted Head & Shoulders (Bullish Reversal Pattern)

OUE (SGX:LJ3)  
SGX:LJ3   OUE
OUE formed an inverted Head and Shoulders over the last 6 months (with a sloping neckline). It broke the neckline at 1.50 two weeks ago with higher volume but consolidated in a small range until it took another step up on 15 Feb. It looks on track to a projected target of at least 1.70 with an inital stop loss placed a couple of ticks below 1.50.
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