Hi !
This post is merely to say that I have included today UDW on my watch list... It's not my style of stock, but sometimes we just have to consider a penny ;)
UDW is trading near the $0.50 level which is the historical low, and has been a support base since 2002.
In the short term, UDW is trading a descending channel, which has a down trending resistance line near the $0.65 level.
Today UDW has started to rise with volume above the average, and may reach the resistance line by tomorrow... I think this is a buy alert...
I'll be watching this penny for the next days... ;)
In attach to this message, I leave 2 annotated charts
Any opinions?
If it comes out of the channel can be a great buy.
For my view it has a little resistence level near 0.85.
After that the 1.35 is the next stop :)
Nice one for some "double or nothing" betting ;)
SW
Quote from: Silver Wolf on May 03, 2005, 07:34:09 PM
If it comes out of the channel can be a great buy.
For my view it has a little resistence level near 0.85.
After that the 1.35 is the next stop :)
Nice one for some "double or nothing" betting ;)
SW
Yeah... it's a risky play... ;)
the .85 it's definitively a reference point, has they had been a resistance during March pullback.
Best regards!
Hi,
It looks like UDW is not reacting very well on the channel top resistance, which is also the ema-50...
But if it breaks.... the projection should be very attractive... definitively a stock to watch, even with the low volume...
This is not an hot volume stock... but I guess it's making a little triangle... and it could be ready to start a nice move...
any opinions ?
i like it, for a penny stock ;) i got nice looking money flow showin up, and u cant argue with that pattern
I have been keeping my eye on it as well. I like the chart. What's your entry?
Quote from: saffeysite1 on May 10, 2005, 03:03:22 PM
I have been keeping my eye on it as well. I like the chart. What's your entry?
I've bought just a few at $0.60... I think it needs a bit more volume, and a new breakout to start the move...
UDW : moving up towards golden crossover. Now testing a new 6 month resistance
A better than >...300% move in three days.......