Highly recommend reading Stan Weinstein's book - Secrets for profiting in Bull and Bear Markets Whole entire book is worth it's weight in gold. He argues one of the best if not the best reversal pattern is the inverse head and shoulders. In my opinion UVV is setup beautifully and has just broken out of the "neckline". Further, stock is healthy - price trading...
If UVV rejects 100SMA at 57.75 it could move down to 200SMA at 55.05. Otherwise could head towards Pivot at 62.05.
I like this stock because: Nice breakout of an ascending triangle. Very strong candle with good volume. When you see that the stock is consolidating for weeks with low volume and then you see a nice strong candle with good volume that broke a pattern , this is normally a good sign on the upside. There is a good potential for that stock to go higher.
I SHOW THIS BECAUSE I BELIEVE THIS STOCK WILL GROW IN THE FUTURE - ITS GOOD FOR LONG TERM INVESTMENT.THE STRATEGY IS BASED ON DEBT AND DIVIDEND - I USE TECHNICAL AND FUNDAMENTAL ANALYSIS AND IDEA IS THAT : WHEN THE COMPANY WORK GOOD DEBT IS SMALL - WHEN THE INCOME IS BAD INVESTORS SELL AND THE PRICE GO DOWN,THAN DEBT IS GOING TO RISE AND SOME TIME IS NEEDED...