UNIONBANK @239 on July 17. This seemed to have run up quite a bit on low volume. BOth MFI and RSI are dipping down. I expect a fall to 220 and most likely to 190 to re-test the gap.
UNIONBANK @210 on August 17 Was pushed up to 260 on low volume after the last post. Didn't get the volume and started the move down. Broke lows on higher volume, approaching 100-day SMA at 201. It has good support at around 190.
UNIONBANK @223 on Sept 11 Came down to 200, the 100-day SMA provided nice support. Then moved up nicely to 230. The volujme is not convincing, it needs to consolidate further. There is a risk of ABC down to 175. Much depends on volume over the next few days.
3 Comments:
UNIONBANK @239 on July 17. This seemed to have run up quite a bit on low volume. BOth MFI and RSI are dipping down. I expect a fall to 220 and most likely to 190 to re-test the gap.
UNIONBANK @210 on August 17
Was pushed up to 260 on low volume after the last post. Didn't get the volume and started the move down. Broke lows on higher volume, approaching 100-day SMA at 201. It has good support at around 190.
UNIONBANK @223 on Sept 11
Came down to 200, the 100-day SMA provided nice support. Then moved up nicely to 230. The volujme is not convincing, it needs to consolidate further. There is a risk of ABC down to 175. Much depends on volume over the next few days.
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