TradingView
Peet_Serfontein
Mar 17, 2023 6:32 AM

UU. building above its 200-day Long

UNITED UTILITIES GROUP PLC ORD GBP0.05LSE

Description

A price action above 1029 supports a bullish trend direction.
Negate the bullish bias for a break below 996 (stop-loss).
Increase long exposure for a break above 1069.
Upside target is at 1165 (upper range of the linear regression channel pattern.
When a stock is building a base just above its 200-day simple moving average, it can sugegst a potential bullish trend as the stock price is finding support at this level.
More