UUE Reversal with Pullback
1.High volume crossing 20 & 40MA
2.Pullback with low volume
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Keol90 : want to reconsider to edit the post?
Zaclim OP Keol90 : Why?
Zaclim OP : UUE still holding well
LeongKS : Holding very well indeed
Zaclim OP LeongKS :
LeongKS Zaclim OP : Pump and dump classic tactic?
Zaclim OP LeongKS : If based on the overall setup, I think no. Still feel like got chance but maybe wait for the price to push back to the gap area at rm0.73
LeongKS : Imo, if the banker left the game, the vol will significantly reduce like a dead water pool without any support to be spotted. Mtec once kena like that not long ago right?
Zaclim OP LeongKS : Ya, quite similar like MTEC. Distribution with high volume at the top. Now just looks for short term reversal trade since Bursa is slow as well.
For me the gap will provide support but if price trading below gap, mean no entry setup for me at the monent
LeongKS : Hope it goes well and don't set bear trap for investors btw this stock is sighted as a good fundamental one, with good prospect. Although i closed my position at the first green candle, but i hope u and everyone here the best.