UMS – [ Target Reached, Heavy Selling, Will It Continue? ]
Chart Source : Poemsview 22nd May 2018
UMS as previously blogged about its downside at $1.07 saw it smashed through its 200 days moving average to take it to a day low of $0.97. A nice trade if you ask us.
Heavy volume can be seen today as the volume surpass the previous few months.
While other electronics stocks like Venture and valuetronics saw some rebound, UMS took a beating and tumbled down.
Our next possible downside target might be at around the $0.95 area. Failing to this might even see $0.925.
We will continue to alert our EXCLUSIVE CLIENTS about the move. Remember your trailing stops.
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