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
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
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!
1. Horizontal levels are working well
2. Weaker than the market
3. Globally and locally downtrend
4. confirmed by touch and FB
5. distant test
6. approaching with regular bars
7. has the energy
8. point of the trend reversal
9. from there was made a new local high
10. potential 10 to 1
If you understand the idea, push a thumb up! Have a question? Don't be...
Stock dropped on the statement from Lakewood Capital but I'm sure the market overreacted and it should actually be higher than where it is now. Extended hours will be a good indicator of where it's going so wait for the pullback before buying. The day after a drop is usually an even lower low so another day wait may be needed.
thepatternsite.com
