I put the stock FMS on ignore not the posters Slappi........but that can be changed...lol
There appears to be chart support at about 1.60 on the 200DMA and then a couple of old tops around the 1.45 mark. Plus I think JPGM mentioned a retracement target of 1.52.
More important that there's an improvement in the overall materials sector IMO. Not being driven by fundamentals at the moment. My margin loan propped up by MGX and BHP is starting look a bit sick. Maybe a beer would help!
UMC Price at posting:
$1.60 Sentiment: Buy Disclosure: Held