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Is UI showing upside potential? Slingshot Bullish shows up after sliding 1.32%
On Friday, September 12th, UI moved down 1.32% while volume was to 1.0× the usual levels. Slingshot Bullish — typically a warning sign for traders — developed during the session. Key support levels exist at 596.73, 588.67 & 584.0, with resistance at 609.46, 614.13 & 622.19. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of UI: B
Today’s move could mean more—check all the signals for UI on SwingTradeBot.
Read full article here »