UNV universal coal plc

I'm teaching myself technical analysis. Paid a bit of attention...

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    I'm teaching myself technical analysis. Paid a bit of attention to this one as it has shown some decent SP down-trending recently.

    1. The MACD + Stochastic are on a down-trend in line with the SP going down. MACD looks to breach 20 which is the point that it's deemed over-sold. This would hopefully identify a trend change and the SP will start to rise again.
    2. RSI has also started down-trending
    3. DM- crossed over the DM+ with a high ADX (the ADX is starting to lose trend strength which could possibly indicate a weaker trend so hopefully that will slow the down-trend of SP)
    4. MA-9 is above the MA-50, however the MA-9 is slightly down-trending toward the MA-50
    5. MA-50 is above the MA-200
    6. The MA-9 is roughly 13% higher than the MA-50 so with the MACD looking to bottom out soon this would give the SP a nice buffer to potentially stay above the MA-50.

    What are your thoughts? I'm learning all this so any thoughts are welcome.
 
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