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Strategies & Market Trends : The Rational Analyst
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To: HeyRainier who wrote (1226)6/23/1998 8:39:00 AM
From: Susan Saline  Read Replies (1) of 1720
 
retracements

so, another way of saying pullback, or rebound or dcb. Yes?

although many, nowadays, do not follow this retracement path.

recently I bought UCMP

When it took a fall on lower than expected earnings.

It did not retrace, yet, I had expected it would, shortly after the fall.

The trend is sideways to downwards.

Am expecting the stock price will retrace (??), back to it's normal trend line.
Volume is declining, selling off has ceased. The last week has made no new lows.
STO at 21, pointing north
RSI at 33 also pointing north (50 suggests a buy...correct?)

I feel fairly secure currently holding this .... share your read with me?

You are able to be objective

Thanks, Sue

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