Looks like the smart money is coming into play now - LOL. Almost out of time from 10/20MA over 6 month target range. Also 200 MA approaching which may mean we have seen a realistic up trending wedge pattern (Resistance levels being 26c and now 30c). This may trick investor's into thinking that the pattern may result in a realistic bearish wedge yet the key is to look at the continued strength in the tightening bands over the last 2 months. If the 10MA breaks the 20MA then the trend is up and based on recent trading it does look like people are trying to keep a lid on the price until the terms of the IA come out - Problem is these rogue traders may now get caught out - LOL.
Evidently a great deal is now placed upon the IA (And the company is keeping very tight wraps on the specific details)! The key in all this is timing and if before the end of this month UNI's SP trades in decent volume to break the 200MA and the 10/20MA well definite confirmation would suggest, look out (34-38c trading range). I am really beginning to like this stock. Oh, and AS would definitely be aware of TA - So the timing IMO might be absolutely brilliant.
Cheerio Nikess.
UNI Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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