yeah i have seen it plenty, as soon as someone buys at market, a tiny parcel is sold at market.... fun and games boys and girls. positive note: fundies are circling UMC, and they will not stop until its much much higher
On the weekly chart, the previous swing low was at 72.5 100% of that would be 145 (actual high was 147, and only just traded there) UMC has been working in 50 and 100% ranges for many many months now with reliable accuracy. A 50% pullback would be about 110, but for my mind, given the strength of the trend, 117 is all it has in it imo. The lows are no in place on this pullback, and i think ppl are mad to be selling here. 100% of the previous range points to 191.5 as a target, before the next pullback before we go through $2.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
