Within the next few days UPL will challenge the 50MA or be pushed back down to the .15-.16 area. I suspect if it pushes the 50MA it will be quick. On July 5th it gapped above the 50MA, but what is better about this time is that the 200MA is closer. If it can gap up high enough perhaps the 200MA can provide some support. I am tempted to hang on to this stock closer...
The volume has gone to virtually nothing. Onlything saving UPL from bottom again is another pump and dump, and that would only be temporary. The upper "info line" is the 200MA. The 20MA crossed over the 50MA. I can see a slight increase but if it comes anywhere near the 50MA it will get beat back down to the bottom most likely. The Stoch is oversold, but if you...
It makes sense why it popped back down now as I added the 200MA. If I were to guess the stock will move down and retest the .20 cent area. Otherwise, back to .15ish cents it is. With any luck (not looking so hot) there is a pump at .20 and it breaks out past .27 and past the 200MA. Just a heads up if you're holding! Good Luck!
I think tomorrow will really decide where UPL goes. The volume on the previous high was massive, with an equally massive sell-off. The 2hr Stoch-RSI looks poor, but the Daily and Weekly Stoch look like something might change. Here are the two outcomes I have come up with: A) The buyers/sellers from the last pump saw how quickly the stock moved when they bought...
It looks like the price and MA are on a crash course. Unfortunately for me, my broker site switched from "Limit Order" above MA to "Buy" on the trade tab. So I purchased before confirmed Break Out. Worst case it goes down to .20 and we see a nice bounce. Volume looks good as well as the MACD. Fingers crossed for my bank account.
So, looking at UPL I have very mixed feelings about the stock. It could go one of two ways: 1) Looking at the hanging man candlestick it would appear bearish for 3 reasons: a) That .26 area is the last downtrend hold line (which it fell through). b) Opening the 5th July it hit the same prior support and fell back down. it eventually jumped above it as trading...
#UPL CMP 760 Long suggested ONLY above 800. Stop once initiated at 740. Target open Logic: Cup and cheat pattern formation accompanied with strong underlying trend. Currently stock in consolidation phase, hence entry just above breakout suggested.
assuming long-term bull market in natural gas, outlook for Eclipse looks bright
Unbiased chart view Resistance becomes support at 0.786 - 2.78p - best level to top up if you hold shares already. Trend looks bullish and should be making a higher low Watch out for a break out of top trend line.
Stock has been in a consolidation in the past few weeks. Price closed on a strong note off the 50-EMA yesterday. Would prefer some traction on the momentum front though !
UPL is retesting the previous swing highs on weekly TF, after it broke the highs couple of weeks ago. The weekly charts are bullish.
if the price dips down to 50 area which is fib 78.6, best buy here.