Monday, February 6, 2017

UMS: Still trying to reach higher, target on tracked, price 0.665

Following up from call last week, UMS seems to have found a new support at 0.64 and pushing higher today further.

Can it head towards the 0.68 – 0.70 target as mentioned last week.

Some resistance at 0.67 for now but after that should be good to go where one can consider locking in some profits.

Ok wait, were you informed like the below?

MACD indicator still pulling upwards positively on this move. Let’s see when to take some money of the table.


Recent Email:

Sent: Thursday, February 02, 2017 10:08 AM
Subject: ****** UMS: Approaching the key resistance, may see some actions soon, price 0.635
After consolidating below 0.64 since April last year, finally yesterday, we saw a move to close the gap again with it attempting a move above but to no avail. Only a specific price action can see more strength and an end to the sideways phase for the past 6 months. It has been support above the upwards sloping channel support line with uptrend still intact so far but waiting for buyers to take it to a new level convincingly. Watching.

For illustration purpose only

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