Here's my week in review:
This was UWL's worst-performing week for some time, having started at an all-time opening high of $1.88, only to lose 22% of its value, and end the week at $1.535. The weekly chart shows it as thus:
The daily chart shows a cascading waterfall of daily falls, balancing to a region of support in the low $1.50s. The Friday closing price revisited the closing price from the 25th of June:
Over the last few weeks, several days showed a pattern of heavy selling pressure from 10am-12pm. Astute day traders noticed how the price often recovered in the afternoon - but this pattern diminished as the week continued.
The Bollinger Bands tell an interesting story: past price falls to the 20-day moving average (in late April and early June) led to big bounces (to the upper Bollinger Band) about a fortnight later. Now in July, UWL has fallen to the 20-day moving average again. Will this be time for a new bounce to the upper band (currently at $2.00)?
My favourite news quote of the week is from Adam Turner of the Sydney Morning Herald:
"Testing of 43 modem/routers from 11 different hardware makers and 10 internet providers, found that none could achieve 100/40 Mbps broadband speeds over a 450-metre copper run, which is the average length of copper in an NBN FTTN connection."
- Forums
- ASX - By Stock
- UWL
- Charts UWL
Charts UWL, page-238
-
-
- There are more pages in this discussion • 238 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UWL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online