27th April, 2018, 10:09 AM

UMS – [ A Shorting Target? ]

Chart Source: Poemsview 27th April 2018

UMS another electronics related stock. Been holding well for the last few days while its peer like valuetronics, hi-p and venture got hit badly.

Could UMS be the next target? It is currently below our downtrend line but the horizontal support is holding well at 1.07.

If  UMS breaks below $1.07 then we might see it move down towards the 200ma around around $1.

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