Long, Breaking out in the weekly chart and Feb $9 calls being opened.
NYSE:UMC Long to target 9.1~9.22 area with stop daily close below 20 MA.
On 2303 as you see on the chart we have a buy idea because we have the breakout of vwap and also we have two springs effects on vwap so it's mean that we will have a big probability to have an uptrend.Thanks!
The PEAD projected a Bullish outlook for $UMC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $UMC breaches yesterday's low of $7.95 during today's session.
Market is forming 1 to 5 Elliot wave which we are expecting to finish at 4.67 zone and reverse. Entry: 4.67 Invalidation: 3.31 Target: 9.5
UMC is starting a bearish trend targeted around 5-6$. Holders will be able to buy at a nice price.
Trendline break Entry 11.3 Stop 10.5 Target 13.5, 17 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NYSE:UMC Refer to the EPRAF indicator, the green line crosses the red line. this is a good sign for a new phase of the uptrend. By crossing the new MACD and the stochastic level above 60, UMC will fly to a break of 9.8 and will fly to 11.19.
NYSE:UMC Possible Scenario: LONG Evidence: Price Action Call options, Strike 12.5$, 06/18/21 I see 2 different scenarios: a- it hits the target Monday. then the position will be close b- it will fall to buy-zone and then after consolidation for some days, it will goes to price targets, I prefer this one, because I can build up my position, I'll open Tier 1...
A lone pattern just sitting here lol.... Easy trade here may take some time, but looks basic and straight forward shark pattern here. Will monitor but long at 10.55. Not much to say. Just saw it on the radar and mapped a couple of items.. looks good may be some chop soon, but lets see how it works out.
abcd pattern, rsi only 32, under 10 and 50 ema. it shall go BRRRRRRRRRRRRR tomorrow :D i am buying today and looking to exit tomorrow. i think it will continue bear trend after this