UML 0.00% 3.3¢ unity mining limited

re: Ann: Unity announces $9.1M Net Profit for... "Im thinking a...

  1. 4,578 Posts.
    re: Ann: Unity announces $9.1M Net Profit for... "Im thinking a consolidation at this level before upward and onward.
    TA looks fantastic i'm glad it pulled up a bit otherwise i would have been more worried about a pullback.ITs hugging that top Bollinger band and the money flow index is well under the over bought line."

    MFI- Is almost in overbought

    Stochastic - Overbought

    RSI- 60 ok , not much room to move though...

    MACD- Well above zero line and gap opening up from SMA to leading indicator which could signal more bullish moves..

    Bollinger bands- sp break out above top bollinger band is a sell signal..

    Candlesticks - last two candlesticks have formed a Bearish meeting lines..

    EMA Vs SMA - EMA is above SMA and sp is sitting above in an uptrend, but a gap has opened up so sp could could retrace back to EMA before continuing its uptrend

    So overall I would not say T/A looks great.. If anything a pull back or consolidation in short term to allow some of those indicators to cool off...

    Big question is when will the buy back occur and what will possible trigger the buy in other words what parameters are they looking at??
 
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