UMS – [Rebound In Progress, Some Of Our Targets ]
Chart source: Poemsview 11th March 2021
UMS saw a nice rebound today hitting our first target of $1.15. A bullish closing today at the day high might signal more upside to come. Potential gap resistance at $1.18 first and then our next target of $1.20. Electronic stocks have been oversold despite posting results in line with analyst. So a rebound to cover the gap to around $1.24 might be reasonable. Keeping our fingers crossed.
Will update more on AEM as it has rebounded too from our previous post
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Kelwin&Roy
