Sunday, January 11, 2009

UAUA forming ascending triangle

2 comments:

Yenkayya said...

Where do you see this stock going in the next week?


Up or down?

Shuaib Arshad said...

Surprising to see that somebody actually read my blog.

To be honest, I don't know the future direction of movement, and I don't want to predict it. A reasonable reaction to the price would be to go long if it crosses the upper line of triangle/wedge or short if it crosses below the lower line.