These are my views, other people will have different views. I don't propose to be an expert.
Each to their own.
And none chart believing people take a walk.
2.5 mths is not a long enough period
You have a major down trend for the last 1o mths with a kick up the last 6 weeks.
The start of a possible new up trend. It is not confirmed yet.
Nothing points to a sustained up trend - they can fall down any time.
There are a lot of minor resistance/support areas on the way up.
The SP could blow straight through some of these or they could be strongish resistance areas.
Looks like 27 is a resistance area - needs to break through it first.
The old, need to have higher highs and higher lows apply. The step ups.
The thing with UNS at the moment and the last 6 weeks it has been a gamblers picnic.
The big risk takers get in the earliest - some jump early with profit - some hang on and make big returns.
The more conservative investors waits until the trend is more established.
Don't make as much $$$ but a lot safer.
Hope that helps.
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Guppy chart - trend reversal - not confirmed yet. A lot of if's about the future of UNS - it will need these if's to be good news and coming pretty regularly to keep the SP moving up.
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UNS Chart, page-23
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