URW Long Weekly TargetBase formation on the daily. Breakout imminent. Prospects looking good as services goes back to normal with COVID vaccines rollout and cases getting under control.
URW trade ideas
URW - Trade PlanMy trading Bias for URW is Bullish as it has clearly bounced off the Support Zone and the 200 SMA. I expect URW to continue higher towards the Resistance Zone between $5.30 - $5.80.
TP $5.30
Stoploss - $4.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
URW - Price chart analysisURW - Price chart analysis
Share prices have bounced off at the critical support level at 3.48, calculated from the major drop at 7.50 and have now reached the second stage of its recovery at 4.45. There is a surged in volume in the past two sessions, which indicates a potential change in the trend shortly. Share prices could continue to the next step at 5.03 if it holds and remains above 4.45
