NYSE:U is a bottom fishing play for me this morning. It has both broken the downtrend line and can be considered an undercut and rally as it undercut the low of March 19 and has risen above it. My stop will be just below that March 19 low of $25.13 Giving me a nice risk reward stop.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
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I am a little underwater on NYSE:U today. If it cannot stay over todays AVWAP by end of day I may close it out. TBD.
Trade closed: stop reached
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NYSE:U Hit my hard stop entered in the machine. No thinking needed. Back on watchlist. Tough to fight a red tape.