Waiting for URC, where will you break?

URC is still moving within the Symmetrical Triangle we plotted few days back. As long as it is moving inside the triangle we are still safe but as the area narrows down, it is very important to monitor this stock especially if it will breakdown from the support line. Notice also that while we have a strong bullish signal from Tenkan Sen / Kijun Sen Cross last 5 trading days ago, Chikou Span is not confirming it.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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