UMAC - Unusual Idea, Unusual MachinesUMAC, a drone solutions company, is starting to gain some traction...
Our systems have identified a point of potential interest & volatility in $AMEX:UMAC.
If price can hold above $9.63 ... Significant Bullish potential may be unlocked.
If however price falls below $9.63 ... Significant Bearish risk may come into play.
As things sit now, it seems momentum may have turned to the upside for UMAC, but will it hold? Let's find out...
We're inspired to bring you the latest developments across worldwide markets, helping you look in the right place, at the right time.
Thank you for reading! Stay tuned for further updates, and we look forward to being of service along your trading & investing journey...
Disclaimer: Please note all information contained within this post and all other Bullfinder-official Tradingview content is strictly for informational purposes only and is not intended to be investment advice. Please DYOR & Consult your licensed financial advisors before acting on any information contained within this post, or any other Bullfinder-official TV content.
UMAC
IWM - Buy The Rumor Sell The News?Today the IWM saw massive bullish flow, almost piercing the all time high double top.
Many high beta stocks absolutely ripped higher today on huge rate cut expectations.
There a strong chance they may keep small caps strong into the rate cut, which could set up a buy the rumor sell the news.
The rate cut is next week December 10th and it sure has fueled this rally.
we have been trimming some of our long positions into this strength and still have long exposure in key names.
Today we closed
AMEX:UMAC NASDAQ:DPRO FOR 15 - 17% GAINS
NYSE:SLB CALLS 45% GAIN
NYSE:ACN CALLS 102% GAIN
After 45% Profit On Last Trade, I Am Re-entering UMACTrading Family,
On our stock trades, using my new liquidity indicator, we have been solidly beating the market with a cool 15% profit since our first trade with it. If you had held the SPY from the same time, your profit would have been a more meager 6.5%. Our indicator is proving beneficial, to say the least. And the last time it gave me a buy signal on UMAC, we banked 45% in profit on my last exit. I then determined that if it did not give me a sell signal (it hasn't), I would look to re-enter at that 7.66 level. We have reached that level, and I have dipped my toes back in at 7.94. I would look to double up my position if we drop even further to that 6.44 level, but I don't know that we will. My target of 11.76 will give us another 48% profit on this trade, and I have a SL set at 6.18 for a nice 2.17 rrr.
Let's go!
Stew


