URC heading north

URC went up by 2.21% last Friday showing more bullish sentiment at the end of the week. Although there are still weak bearish signals that needs to be reversed like the Tenkan Sen/Kijun Sen cross early this month when it dropped hard. But from that time URC has been slowly moving upward. Our current price is just a few steps away to making a Kijun Sen cross which is a strong bullish signal which will add more confidence to the holders.

RSI or Relative Strength Index is still below overbought level. More room to move up?

Caveat!

 

Indicators based on Ichimoku system

Weekly Chart Oct 21 – 25, 2013

Price location relative to Kumo (Bullish)
Tenkan Sen/Kejun Sen Cross (Strong Bullish)
Kijun Sen Cross (Strong Bullish)
Chikou Span Cross (Bullish)

Daily Chart 21-Oct

Price location relative to Kumo (Bullish)
Tenkan Sen/Kejun Sen Cross (Weak Bearish)
Kijun Sen Cross (Weak Bearish)
Chikou Span Cross (Bullish)

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