URC starts to look good. Will it bounce on support?

URC has been falling since the last time we saw the Bearish Engulfing Pattern. Notice also that we have a triangle formation where our recent fall can be considered our lower high. Will it continue to fall until it find support at the lower slope?

Based on Ichimoku system, we might see a strong bullish signal soon IF Tenkan Sen will cross the Kijun Sen. Remember that last October 4 we have a Weak Bearish Signal and now this is poised to do a reverse crossing.

The Kumo will also serve as our support aside from the lower slope. RSI or Relative Strength Index is now 52 from the high of 70. Test buy would be ok at this level.

Caveat!

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