technical view

Howdy all,

Have had a long hard look at UNI today and I feel it is important to share my view. I am of the opinion, and this may sound crazy as it does not portray simple technicals, that we are witnessing a bottoming formation with a bullish pennant that has not evidently started in a normal bullish penant kind of fashion.

I am of the opinion, as you will see from the chart below, that the 'true' base is seen at 88c, thus why also a great deal of parties are starting to fill this price - a technical buy in my opinion.

You would have noticed today that there was a substantial parcel for purchase at 90c, then a substantial sale, thn a substantial over-cap - a very strategic play, once again just me sharing my thoughts.

The slow stochastic is also in a slow ascending pattern and I figure we will slowly see $1.10 over the next few weeks. I have also noticed that over time UNI's announcement are soundly and strategically positioned around technicals to some degree - very smart indeed, maybe the 18th was a key clue as it ties in well with the chart. I would announce something on the 21st or 22nd personally - LOL.

As far as technicals really go all we can do is play the game as best we know, I at these levels continue to buy as UNI is a stock where I feel the future is bright.

As Mr WB would say,
'I can not tell you what the markets will do tomorrow'!

All I know is that we are on the verge of something great, stocks like this at these levels do not come around to often - just look at Cochlear!

Have a nice night all,

Cheerio Nikess.