So we had a sharp down spike on higher than normal volume and broke into new 12 month lows after a period of consolidation / accumulation. Looks like an attempt at a shakeout to me, which I would expect before they take it up and enter a distribution phase. Although in a true shakeout the spike is normally deeper and volume higher as they cascade take out stop losses, but don't think too many are carrying them in this stock any more. It could be that this is just in response to the article, in which case I expect another attempt before we begin to rise.
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- Significant drop on UNiS overnight
Significant drop on UNiS overnight, page-18
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