Since July 2016, price has been rallying in a 5-wave structure to the recent high at 18.30 in July 2017 in a diagonal structure.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 15.13 or even lower towards 14.38 area in the short term before...
Any body wants to have a Swiss bank account? Well if you were jealous BC ur friends had some Cheesy Swissy account back in the hey days then don't be. Time has come for you to take revenge. Even though it has gone South for a while but time has come to re-enter the market. Resistance @ $15-$16. Downside probably if not zero but at least penny stock.
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas. Wealth Management Americas division is a wealth manager in the Americas in terms of financial advisor productivity and invested assets by financial advisor. Personal & Corporate Banking division provides financial products and services to private, corporate and institutional clients in Switzerland. Asset Management division provides investment management products and services, platform solutions and advisory support. Investment Bank division provides investment advice, financial solutions and capital markets access.
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