UGL 0.00% $3.71 ugl limited

Hi Hunter,I was lucky enough to get in on the March lows and it...

  1. 342 Posts.
    Hi Hunter,

    I was lucky enough to get in on the March lows and it has been a good ride so far.

    Daily chart shows sp is nearing resistance around $15.15, maybe a pullback is on the cards. Weekly shows price recovered well to above 29wk MA (I use 29 weeks as comparable to 200day mA), great news but I am now dubious as last week a doji candle formed.

    Doji near resistance is not good. Other indicators also show pullback may be on the cards (MACD, Williams, RSI).

    Looking for direction from the DJIA given it is sitting right on support.

    S/term, maybe pull back to $13.

    Long term, its a great stock and no doubt will get back to ATH's
 
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