UONE BullflagUONE has formed a large bullflag above a Fibonacci circle
This is a result of a breakout from a large triangle structure
This bullflag will likely lead to further highs
chart pattern buy situation
Uonekbreakout
UONEKUrban One Inc Class D (NASDAQ:UONEK) is getting ready to come out of a large consolidation pattern. A close above $5 gets the party started.
US Stock In Play: $UONEK (Urban One Inc)$UONEK pivoted from its $3.50 support level, surging with a +17.73% intraday action which exceeded beyond its 3-months average implied volatility over 60%. Its price peak of the year was traded just two weeks ago, establishing a high of $5, and closing at $4.60.
52 weeks high of $UONEK was last traded at $6.84, on 17th June 2020. This price level is currently 61.15% away from the last closing price.
$UONEK together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital.
