Good to see USL bounce off 18.5c key support level and did so strongly with volume and with a long-legged doji candle which is a strong reversal indicator candle formation (at the top it's bearish and at the bottom it's a bullish signal), with today so far confirming that with the price moving up.
Silver and Gold settling; a lot of Hedge Funds had to sell their Gold and Silver holdings to cover market positions, so now the dust seems to have settled but it's a volatile market more than usual.
The US and Argentina became the first Zero-Tariff Countries, I think silver was already exempt anyways but bodes well overall for USL given machinery and such still require importing, minor thing but still.
Daily Chart looking good now compared to before in my last post, I'll post below the previous chart just before the crash when things started to look too over cooked and then started to fall.
The long box zone across the bottom is the demand zone which USL has fallen back into and is really healthy for the stock, flushed out all the Hype traders who loaded in on the Silver price moving. Some stale CR holders were able to get out at the 25c to 28c level it went to after months since November $22.5m placement at 27c.
Sitting on the 200-MA after dipping below yesterday but it's bounced back up and over which is bullish.
Below the 50-MA means a lot of traders/investors waiting for that signal to trigger before buying back, but they'll pay higher prices for that luxury of safety.
MACD now in a healthier zone, it was sitting too high before and needed to take a rest; it's now back down into the neutral zone at 0 and that's where the entry price points are but it's still catching up as the price drop in four days was quite drastic.
The Hourly gives a better idea although volatile cos of how things have been the last few trading days, it's tried to reverse a few times but overall it's finding it's base which is what the Daily Chart shows, so using a combination of the two timeframes helps get a clear picture.
Previous Week Charts below and can see the MACD slowly turning over and down as the candles reject the higher prices and fail to breakthrough 26.5 to 27c resistance level.
01.04.25
02.04.25
Today's Chart Daily and Hourly - 08.03.25
USL Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)