Posting for long-term reference only; DYOR. Includes major trend line, fib lines, fib circles and indicators. Assumptions - the recent 32.8% continuation from the original base is accurate - the recent retrace of 61.8% is accurate Am interested in other perspectives and TA. Thanks
Universal Insurance Holdings ($UVE) seems to have made its bottoming process late 2020. Has been basing for some months now and stopped the negative trend. Take profit at gap close. Should be reached within 18 months. Stop loss if price goes under 12.60 Good luck!
Seems to be one of the few stocks holding up in this market. Strong buy signals. Worth a punt.
UVE: Universal Insurance Holdings, Inc. 2019-11-06 09:15:00 Universal Insurance Holdings Announces New $40 Million Share Repurchase Authorization
The sma50 acting as a dynamic support, stock in a strong support. Good risk-reward, if going long you can you a 2 ATR(14) stop on close.