UCL 0.00% 30.0¢ ucl resources limited

break out, page-42

  1. 27,450 Posts.
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    my point really, is that no matter what the vwap, the traders are responsible for 90% of it, and will be subject to their exit tomorrow.

    The T+1's have little choice, if they have used volume buying beyond their long credits, ie broker money.

    Some have exited today, and if history teaches us anything, it will retrace tomorrow under their exit, and investors, will be looking for safe entry, not a run with the crowd, and so the traders find there is no support for their exiting, as investors hold off, and then the price falls heavily.

    I would tip, we see 2.5 cents tomorrow.

    Again, nothing to do with the stock, to do with the trader exit, unsupported by investors holding off, until base support is achieved.

    cheers
 
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