UMC has been in a down trend and confirmed by the chart from the 19/10, not 1 week as posted above.
It came close to bucking the trend on the 30/10 but was sold off again.
90c according to the charts was a major support line. If it closes below it today, it could head substantially lower. Its risen too quickly to confirm any major support lines from 70c. Im not saying that it is going back to 70c, but it is outside possibility that cant be discounted.
This is what I see technically from the charts and is only my opinion.
UMC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
