I sold all my URC stock as it tested and rejected its September 2021 resistance line at 146. This stock will likely revisit 128 level before climbing back up to to re-test 146
The stock jumped to almost 7% today as it broke its October 2022 Resistance Area at 139/share. At the same time, the stock is also testing another resistance area at 148/share. If this price area is rejected, we will find out if the 139 lines will become the new support area for this stock.
I placed an order for URC at 137.40 today as it continues its uptrend and will likely break its short-term resistance level at 138.80. I placed my cut loss just below the ALMA line. I may also leave the stock if it rejected the the said resistance price I mentioned above.