A Divergent Signal!The candlestick indicates a divergence signal where the price closed above the MA line compared with previous candlesticks without significant results in volume. Therefore, an attempt to push the price towards next price peak resistance with low volume.
MACD and RSI indicators indicate a positive trend, hence, support the price movement towards next price resistance.
Let's save UMC in WL and watch out for significant price movement with result in large volume of stock been traded.
R 0.685
S 0.620
UMC trade ideas
UMC - Looking for support Potential for rebound?
>> Hull MA still red
>> Still trade under red blue sea
>> still OS counter.
Look for potential ladder for safer trade.
Bottom Parallel Channel's line as support.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.