Over the past few days, we have seen UMS broke the key 0.95 resistance level that it has consolidated below for more than a month.
Has been holding well over the past few days which is a genuinely good sign...
Was just looking at the chart this morning when it was at 0.98 and I sent out a note to prepare for a potential move above 1.00…
And then it started to see some strong buy ups in the afternoon with a new high at 1.02 as of now…
Can the arrows drawn earlier in the chart below play out? Target to 1.10?
Well, it remains to be seen….
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For illustration purpose only
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