All eyes to URC

Today's Pricce Signal

Stock:  UNIVERSAL ROBINA CORPORATION (URC)

We've observed a tremendous price fall for URC in the past 3 years. Now, is it possible that this stock will move it's way up again? Below are some reasons why we should consider buying this stock again.




URC pivot;  Exhibit 1

We can track back URCs point of reversal after testing it's major support level at 135. We can see a break out confirmation at 134.

 URC Double Bottom; Exhibit 2

Look. An obvious Double Bottom pinned since last December, 2017.



URC Support and Resistance Chart; Exhibit 3

RS1 - price movement that is more likely to follow depending on current momentum
RS2 - price movement that is more likely to follow when market goes bullish
RS3 - price movement that is more likely to follow when market goes bearish

Notes:
-tools/techniques used: Support and Resistance Levels, Fibonacci, Trend; see charts above as reference

-timeframe: 6 to 7 months 
-possible break out

-buy at market execution

-sell at 192, 207, 234

-stop loss at 150

Disclaimer: No price forcasting is 100% accurate. Always trade with caution and further studies. We are happy to hear any suggestions, share them below.



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