Can UCAR Power Up?
Updated
UCAR a stock somehow involved in the EV sector showed its spikeability earlier this month
with a 280% run up and has since faded back to about 66% higher than the price before the
run up. The question is can it do the same thing again? Price is sitting on the support of the
POC line of the volume protile while the RSI just crossed 50 a threshold of sorts for bullish
momentum. The MACD is slowly working its way into that momentum with the K/D lines heading
towards a cross of the horizontal zero. The relative volume indicator shows that during the
price spike mentioned above volume spiked as well. Volume is presently low. I will watch this
stock with an alert for volume above the running mean of 10 days. That way I may get an early
heads up of possible impending price spiking action.
with a 280% run up and has since faded back to about 66% higher than the price before the
run up. The question is can it do the same thing again? Price is sitting on the support of the
POC line of the volume protile while the RSI just crossed 50 a threshold of sorts for bullish
momentum. The MACD is slowly working its way into that momentum with the K/D lines heading
towards a cross of the horizontal zero. The relative volume indicator shows that during the
price spike mentioned above volume spiked as well. Volume is presently low. I will watch this
stock with an alert for volume above the running mean of 10 days. That way I may get an early
heads up of possible impending price spiking action.
Trade active
UCAR trade opened on a volume spike. Price action looks good.Trade active
Trade up 60% and holding through the pullback consolidation in anticipation ofanother surge another day.
Trade active
Decent price action today - perhaps the bullish continuation is now active.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.