UMS Holdings' bearish downside may have found it's bottom after an inverted head and shoulder pattern was spotted. Furthermore, on the right shoulder, the bullish morning star formation is said to be a strong bullish rebound.
Overall:
1.Semicon themed stocks are in play
Fundamental:
1.Expected improved company growth and earnings despite COVID-19
2. Management generous in their dividend payout in the past
3. High net margin (30%)
Technical:
1. Broke and sitting at resistance of $1.
2. Uptrend for both 50MA and 20MA
Strength signal in the chart:
1. Green pentagon high volume
2. Re-accumulation
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Updated View On UMS (13 Mar 2019)
We had a strong breakout and it looks like a legit one,
We could see 0.82 easily soon and 0.88/0.94 will be next tgt levels.
DYODD, all the best and read the disclaimer too.
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1. Yanlord - 18LC
2. YZJ - 18LC
3. UMS - Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Base on the indication i can see convergence beginning to form which indicate a reversal. With the bounce off from resistance line we can clearly see it will be a bullish trend soon.
I will wait for better confirmation to start my trading plan :)
Please like / comment / follow on my trading plan. feel free to comment any improvement i need to do . Thanks
