How can you dismiss something that you know nothing about?
Technical analysis is a very useful tool, how about we test it from here?
If todays low of 98 is breached on a close, we may see 70, then 40, shock horror.
This is not a negative view of the share, I am not trying to uset people here, just a view that I am sharing.
I think that umc have a future, I bought in today but a break of todays low on a close will see me out again, yes I am one of those nasty traders, that is not really how I see myself, I just have a plan, I use money management. Let your winners run and chop the others.
This is a market, supply and demand will rule, if you think that someone is selling so that they can buy cheaper then they propably are.
UMC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
