URC.V

Here's the whole chart study in order, I'll summarize: going down the indicators top to bottom... The very first indicator (StochRSI 14) is looking toppy, but has room to move, could still move up a few cents, but still hold off the big move, very over sold RSI 14 wise.

Narrowing bollinger... white (Bullish Hollow candles) ... lower bollinger turning up (for a touch).. solid green volume bar... MACD gives a buy.... OB and Acc/Dis turning up, volume strength for up move precedes.... Stochastic hovering over Aroon... both extremely oversold touching ( but no reversal plot move yet)... ADX trend strength indicator is turning weak in an extreme reading near 40 (40 is almost always associated with trend strength reversing.

Considering the relative drop in price, we are likely looking at a bottom within a couple of pennies at worse, to as low as .18 cents, unless there is devastating news.

How long it will take to reverse, may or may not be a test on your patience, and likely will be a surprise pop on nothing or news.

Time to buy from the bid.... Risk is low... If for some reason the price was to make a quick dip from .205, without news... you would likely be watching the final flush dip before the bounce.









GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.