Universal Cables: Nice breakout & Retest
This chart is a nice case study on those interested in identifying support, resistance and breakouts. After a big breakout, price dribbled lower to seek support at the prior highs, that acted as support. Notice the drop in volume during the fall and the pick in volume last week.
Interesting stock and I bought a few last week. Will add more on further rise.
Interesting stock and I bought a few last week. Will add more on further rise.
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