UNS Jimmy dont fight the market Wait for confirmation of a bottom and a test of the new direction before you jump in
Some general principles which tell a story esp about this stock. When the SP is: below 50 dma = bear market Between 50dma to 200 dma = bear market rally above 200dma = new bull market.
Confirmation for me would be the crossing over of these, ie to have 50 above 200 with SP above both then retesting for support.
On many occasions patience makes you so much more $ than jumping in. Not having patience can be expensive.
There is nothing in this that would lead me to believe we are there yet. Just picture the kids in the back of a car asking every 5 min and recheck the chart for these crossovers to answer the question.
Daily MMAs
Daily Chart
Having said all that and looking at the charts you may feel lucky, go for it :) I feel there are more sure bets to make a quid than to test that luck and the depth of your pocket. good luck
