I think tomorrow will really decide where UPL goes. The volume on the previous high was massive, with an equally massive sell-off. The 2hr Stoch-RSI looks poor, but the Daily and Weekly Stoch look like something might change.
Here are the two outcomes I have come up with:
A) The buyers/sellers from the last pump saw how quickly the stock moved when they bought and want another pump. There is a high possibility they will pop it up and it stays on the trend after consolidating.
B) The volume doesn't recover and another sell-off, testing the .15 level as bottom.
Unfortunately, I own this stock before a confirmed breakout so I'm hoping for A.... Good Luck!
Here are the two outcomes I have come up with:
A) The buyers/sellers from the last pump saw how quickly the stock moved when they bought and want another pump. There is a high possibility they will pop it up and it stays on the trend after consolidating.
B) The volume doesn't recover and another sell-off, testing the .15 level as bottom.
Unfortunately, I own this stock before a confirmed breakout so I'm hoping for A.... Good Luck!
Komentarz:
Will the natural gas worries affect the price by close or for tomorrow? We will see. A nice pop would be welcome, but I can see a move back to .19 or even .15 cents.
Komentarz:
Looks like down we go! With any luck, it'll bounce off the 50MA and harass the 200. Good luck!