UJ had arrived to the same resistance (114) what stopped its rally in the last 2 years.
It took nearly 6 months this time to rally from the prior bottom to 114.
Today we have a swing on the daily chart ( a drop below yesterday's daily low)
RSI leaving oversold , MACD is nearing to levels where it turned down : it's time to tag 108 again in the following weeks.
It took nearly 6 months this time to rally from the prior bottom to 114.
Today we have a swing on the daily chart ( a drop below yesterday's daily low)
RSI leaving oversold , MACD is nearing to levels where it turned down : it's time to tag 108 again in the following weeks.
Comment:
Comment:
Right now the daily chart looks like a Key reversal.
Comment:
Even if we Get a pull back to the opening price the daily chart will be hanging man Which is also a reversal pattern. So I think this big red candle is the last nail in UJ’s coffin.