UBA: Analysis: Two situations

Feb 28, 2023

We are in a one-day bullish channel situation here. When you look on the chart, we are above our vwap indicator which has taken a green color. This means that the buyers are above the sellers. We could have a nice uptrend if and only if the resistance line is forcefully broken by a large green candle and accompanied by large green volume. Furthermore, it should be noted that the market is unpredictable. So let's be careful and vigilant. Indeed, the market can also go down, however, if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume. Thanks!