Educational and entertainment purposes only. Not financial advice.
UMA broke out of a good accumulation phase. It was subject to shooting stars which are less reliable variables in swing trades IMO. UMA may be using the EMA as support and has good potential to move up in an ascending ABCD formation. RSI looks neutral.
Targets, If UMA can break $12 --> $16 --> $24
UMA broke out of a good accumulation phase. It was subject to shooting stars which are less reliable variables in swing trades IMO. UMA may be using the EMA as support and has good potential to move up in an ascending ABCD formation. RSI looks neutral.
Targets, If UMA can break $12 --> $16 --> $24
Trade closed: target reached
well that was a quick target reach
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.