I hope youre right. Once this hits 24.5 a whole new set of trend traders will be alerted to the stock. One form of trading is looking for a 52 week high in the midst of an up trend and trading the trend.
I feel any steam lost will be added by them.
Plus this is real buying. Big orders, Line wipes, etc.
Once the resistance if the old 52 week high is broken anyone there is likely to be significantly less stock for sale at each pip.
The chance of this dropping back down is low as any stale holders who bought in to arbitrage the takeover have now hsd 2-3 chances to sell out and recuperate losses.
IMO everything points to a solid technical breakout due to ever improving fundamentals.
Again, I hope im proven wrong, im still at a significantly smaller stake than i wish to be and Id rather not buy at 30c
UNV Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
