$UMC Double Divergence Play

16 Jun 2016

You can see from my projection I am expecting price to move over the $2 mark. Look for the MACD to turn. There is Divergence on the MACD and RSI. it looks like it had finished a Inverted Head and Shoulders Pattern around Feb. follow the Volume. Looks like this could be the end cycle that would finish the shoulder on another.

18 Jun 2016

Trade aktif

Still looking for test around 2.10. this will probably turn into a two trade opportunity. Will evaluate once target is hit and will see how volume is around the 2.25 area..... Could be nice slow movement up from here.

30 Jun 2016

Catatan

Still active. I re evaluated price action. I am playing on the cautious side and changing target to the .618 retracement...