$U good opening w/ volume and stochastic buy sign

First on this 30min chart please note the white arrow marking a bullish %K stochastic sign. When %K moves from below 20 to above 80 in 2-3 candles (using custom period settings), it gives a high probability sign that more upside is coming. Often a pullback happens first, and thus far the opening move has reversed down but on lighter volume. There may be a retest of Friday's lows or a move lower and then a strong move higher.

This reversal after the %K sign offers a low risk entry for call options, and options prices are also cheaper since price has flipped down.

The green lines on RSI and stochastic show bullish divergence with price (red line). The dashed green line is a daily support line that broke to retest lows. I am looking for price to move back over this line within two days. Volume shelf price targets are provided on the right.

Comment:

It has been stuck under 34.30. This morning stochastic %K gave a buy notice with its rise from under 20 to over 80 in 3 candles. Indicators are looking more bullish and if markets continue higher then U should break high of day and quickly rise through volume gap to 34.80-35.10. If demand is strong then it will rise to 36, top end of chop zone (seen on 30m chart).