KernLooking bout ready, we took a nice play on this back in Nov/Dec 2020 and looking like its setting up for another nice play. I like that price looks to have broken the down trend and a previous low with a strong bullish engulfing candle. I think as long as price stays above this anchor candle(the bullish engulfing candle) that price will begin to move towards the indicated target areas
Noobstuff
UFI - Textiles and Leather GoodsHEEEEYYYYYYYYYYYYYYYYYYYY
This is going to be a tutorial on something as much as it is just me writing notes on something i would like to play.
-- What does the phrase "something I would like to play" mean?
---- It means, i saw that throughout the weekend, this particular companies stock went up in price. It's cheap, and it has enough people involved in the movement of the price that it will make a good jump in a certain amount of time. Whether that jump is going to be UP or DOWN is going to be analyzed by a couple of techniques that I've learned. Since I'm a super noob and all my experience is youtubery and apps and whatever, I am making this specifically for me to teach you(mah daw Ki) and to teach myself what I know. Lol. In this method, we can keep a record and track it later, plus open up to others experience.
Let's get to it.
This is the basic chart of the entire lifetime of the stock. Red is down, Green is up.
