Uc chart etc
posted on
Feb 16, 2011 11:54AM
although the lack of performance in the stock is dishearteningm there's another10 years or more left of this bull market so not exactly a killer in early 2011.
The sideways trading is taking the stock out of a long term downtrend of over 15 years, and the trading at this level is also forming a solid base for the next advance with shares swopping hands to those with a longer timeframe in mind, and a more positive mindset.
The lower peak also suggests are are still forming a wave as part of the consolidation of the first advance, and the length of it when extended to a 45 degree angle trending towards 3 oclock, gives us a longer term price target of well over $5.00, lots to be optimistic about.
At the same time the company is improving on a fundamental basis
all of which is positive
A