UFO definitely could fly, but first it has to crash
UFO moviez is an interesting stock, coming to an interesting level...The last bounce it made broke a major resistance, but that resistance did not become support, which is concerning....But it is coming to a major demand zone. Look for price action to show some consolidation and break or if you don't want to wait, buy small quantities and but little bit every time you you see a drawdown of 10% just so your average cost comes down.....I have multiple sell orders till 600 and I'm averaging down, my average cost is 100 and I hope to bring it down some more...
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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.