ULTRATECH MAJOR RESISTANCE
breakdown pull back. perfect entry. lets see...
Rounding bottom breakout followed by test of breakout zone and consolidation.
Target, SL as in chart.
ULTRATECH looks like Longterm channel Top.
Go long at 3501 for 1.50% target
Trade at your own risk
stock is in long term uptrend...some profit booking on result day is expected supported by bearish harmonic pattern
RISING WEDGE GOING ON AS WELL AS VALID BEARISH WOLF WAVE ALSO CAN BE OBSERVE ON CHART ALONG WITH NEGATIVE DIVERGENCE . CHART MAY BECOME BEARISH BELOW 3500 CAN TUMBLE 3300
Negative RSI MACD divergence Short ultracemco with stop above trend line
Weak below 3153, Resistance 3178, Support 2990.