URC is weakening by the day

Weekly: Chikou Span continue to be on the bear side as price did not close 125.5 or higher. Last Friday it closed at 120.5 wherein more trades are happening below that price. While bears are becoming stronger each day, lets monitor its movement. On additional bearish signal will not be a good sign for holders.

Daily: Daily chart shows that URC is at the mercy of this support zone which is the Kumo. Although there is no clear winner between the bulls and the bears at this time, two successive red that will continue to fall may throw the bulls away.

Better not to get in for now until there is a clearer direction for the price.


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