UNI is currently trading close to the resistance zone at $36.40. It has a good support at $31.69. If UNI can break the resistance at $36.40 and flip it to support, we could start seeing a move towards $39.25, $41.56 and $44.44. The resistance at $44.44 is an important one. If UNI can break this resistance and flip it to support, we could start seeing a much higher move towards $47.16, $51.34, $63.43 and $82.99. Long at support of $31.69 or breakout of resistance of $36.40.
Stop loss should be kept below $31.69. If this support breaks, it could lead to a drop towards $27.76 and $24.85.
Stop loss should be kept below $31.69. If this support breaks, it could lead to a drop towards $27.76 and $24.85.