2Q 2023 is a good quarter for dividends.
My war chest has begun filling up last month.
This is just in time too.
In recent blogs and videos I produced, I kept reminding myself that I would only be nibbling at UOB if its stock price fell to $28.
This is based on what I saw in the chart.
Immediate support is at around $28 a share.
If I were to be more exact, based on the weekly chart, it is at $27.80 a share which was the low formed on the 5th of June last year.
It also looked like the beginning of a neckline of a double bottom in the weekly chart.
In less than two weeks, the price of UOB's common stock has fallen from $30.15 to $28.22 a share.
That is a pretty big decline of almost 6.5%.
If I didn't have any exposure to UOB yet and if I have been waiting to get in, I would do so now....
