4 wks ago UA broke past resistance in a 22-wk consolidation.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.
I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.
With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not too far from breakout point.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.
I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.
With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not too far from breakout point.