Wednesday, May 17, 2017

UMS: The move really came, price 1.01. More upside?

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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