This is the long term chart for URI. Very predictable stock from the 1W chart. RSI is our biggest indicator here. Nice harmonic patterns forming within the triangle, with many points touching both sides of those lines. You can see each time RSI bottoms out around 30-40, a rise is imminent, and stops at that upper line.
Furthermore, IV is 12 points below the mean, showing potential to swing upwards in a short time frame. The channels made by the candles could not be more textbook on this one.
Look into the 4h and 15min candles if you want confirmation of an upward trend. I've looked into it and we may see a slight dip before the rise, but it is coming.
There is no significant news surrounding the company, leaving just TA and a little bit of fundamentals to determine price. I'm making a call for $135 by 6/14.
Furthermore, IV is 12 points below the mean, showing potential to swing upwards in a short time frame. The channels made by the candles could not be more textbook on this one.
Look into the 4h and 15min candles if you want confirmation of an upward trend. I've looked into it and we may see a slight dip before the rise, but it is coming.
There is no significant news surrounding the company, leaving just TA and a little bit of fundamentals to determine price. I'm making a call for $135 by 6/14.