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0.5¢ unilife corporation

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tank11

80 Posts.

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19/02/15

16:12

Post #: 14785190
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Originally posted by dragon_solstice ↑

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.

View attachment 46039

Anyone have anything else to add?

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Yeah, your top and bottom trend lines should both be a bit flatter (more horizontal) to touch the peaks and troughs.
It might drift back to the 3.75 level

UNS Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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