ULVR | Triple bottom on weekly
Updated
Hi all,
ULVR looking very attractive at the moment, as a triple bottom has formed from prior resistance around 3700 GBX.
I see this as a floor and any touches over the coming weeks will be a good chance to accumulate the name.
Could see Volume resistance around 4300 GBX
We can see a wedge forming with long-term dynamic support and recent downwards resistance too.
Any impulse and pop above the wedge should bring us back to ATHs with 40%+ gains.
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
ULVR looking very attractive at the moment, as a triple bottom has formed from prior resistance around 3700 GBX.
I see this as a floor and any touches over the coming weeks will be a good chance to accumulate the name.
Could see Volume resistance around 4300 GBX
We can see a wedge forming with long-term dynamic support and recent downwards resistance too.
Any impulse and pop above the wedge should bring us back to ATHs with 40%+ gains.
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Note
Yearly downtrend was broken last week. This is looking continually bullish back up to multi-year downtrend. Hoping we can push past those levels also!
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