Updated
7/17/2019 Will Decide #UPL
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!
Note
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.Note
Looks like down we go! With any luck, it'll bounce off the 50MA and harass the 200. Good luck!
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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.