UAMY Fakeout....Possible Breakout Next Week
Selling being absorbed was followed by a decent accumulation period with regard to duration, and this was followed by a fakeout. The breakout was strong in terms of price, but the volume didn't back up the move. Price retraced the next day.
The close this week has the UAMY with some some bullish candles in terms of both price and volume, with deep lower wicks. I could see a bullish opening next week, and this would be a signal to hop on board to the long side for some short term gains. Wait for the signal though...nothing is certain yet.
The close this week has the UAMY with some some bullish candles in terms of both price and volume, with deep lower wicks. I could see a bullish opening next week, and this would be a signal to hop on board to the long side for some short term gains. Wait for the signal though...nothing is certain yet.