UBI is currently trading above the ichimoku cloud on the daily chart, on the weekly chart the cloud is the upper resistance that needs to be broken before a long term trend can be established. A trade was taken at .16 with a stop placed below the current monthly candle @ .145, the stop has now been moved up to .165 for a break even trade.
Comment:
Currently toying with the idea of the weekly cloud as support, I'm defiantly looking for some volume and price action to tell me what is going to happen. Another break below of the cloud and we will testing support between .13-.17
Comment:
Currently trading above the weekly cloud, looking for the next run up now.