Whilst there isn't much FA to discuss, here's my contribution to stimulating discussion with some TA.
Looking at the 6 month daily chart looks like October was the end of the downtrend and we are now in an established uptrend channel. There is a bit of whipsawing but we are making higher highs and higher lows which also support the uptrend. Assuming the trend line maintains the current trajectory, $5 should be the midpoint of the channel around the start of April.
Throwing in some fib's from the December low to Jan high, we retraced to below the 61.8% level, but didn't breech the 50% level. We are close to hitting 61.8% again but looks like the momentum is slowing down so I'll be keeping an eye out for a bounce off this level.
Anyone have anything else to add?
UNS Price at posting:
88.5¢ Sentiment: Buy Disclosure: Held
