Thursday, November 22, 2018

UMS: May Still Play Out Towards Target.... Cautious. Price 0.595

Just last week, we spotted some bearish price actions with UMS breaking the 0.64 support level..

Has been holding for more than a month above with some signs of the downtrend continuing but…

More importantly, it seems like the buyers just couldn’t hold on any longer..

We also had a bearish signal on the system….

Therefore some downside targets predicted… towards 0.55 where some short covering could return..

See what I mean…

Over the past few day, we have seen the psychological  0.600 support gave way too…

Sellers may still be in control below this level..

Cautious, downtrend intact….

Still no exits on the system….

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