ULTRATECH CEMENT LTDViés de baixa
ULTRACEMCO BEAR FLAG B/D
ULTRACEMCO – Intermediate-term structure iN consolidation (possible Bullish H&S, Right shoulder in formation). Short-term structure is bearish, & a bear flag broke down. Though the flag measured move is about 5300, possible support around 5700-5650 can be initial profit book level. Downtrend on this daily scale will be confirmed below 6000, as Lower-Low after a Lower-High gets confirmed then.
Just personal analysis. No recommendation.
Just personal analysis. No recommendation.
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