FXstreet

UBS stock (NYSE: UBS) has gained 3% YTD, whereas the S&P500 has decreased 17% over the same period.



Daily price was bounced from 16.40 support level for breaking the Ichioku cloud to above to the primary bullish reversal. The price was stopped by bullish triangle pattern with 18.84 resistance level, and if this level is broken so the primary bullish trend will be continuing. Alternatively, the price will be on the ranging market condition near and above Ichimoku cloud waiting for the direction of the strong trend to be started.

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