Chart Souce: Poemsview 21st Aug 2018
UMS started to move today with an increased in volume. This is a positive sign for us as we been waiting for UMS to move.
As mentioned last week on our blog that we’re watching UMS with key resistance at 0.82. UMS couldn’t close above that last week and had a healthy minor pullback.
Finally the move we were hoping for came and UMS reached our first target of $0.84 also mentioned on our blog.
Of course, our EXCLUSIVE CLIENTS were alerted of this trade analysis.
What are we looking out next?
- If UMS were to pullback we shouldn’t have it pullback beyond 0.805 and close below that. This might cause a slight panic and traders might start dumping UMS.
- With the increased in volume, UMS might be moving higher in the next coming days if it can overcome the $0.84 resistance. Failing which might not be a good sign.
So we’re watching closely UMS development.
What was your trade plan for UMS?
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