UAI current price 0.56u, short target 0.3,
A breakout level in mid-August; deeper support at 0.239u, the intramonth low on August 9. Move the stop loss to 0.7.
In a week it rose by nearly double; today it’s still making a new all-time high. The upside gain has reached an extreme range—at any moment this level could drop and form a price wick, especially when a new high was just broken and, soon after, there is a volume-backed stall.
Stop-loss level: if price returns and holds above 0.7, it indicates the bulls still have strength; the short idea for this wave is canceled. #uai $UAI
A breakout level in mid-August; deeper support at 0.239u, the intramonth low on August 9. Move the stop loss to 0.7.
In a week it rose by nearly double; today it’s still making a new all-time high. The upside gain has reached an extreme range—at any moment this level could drop and form a price wick, especially when a new high was just broken and, soon after, there is a volume-backed stall.
Stop-loss level: if price returns and holds above 0.7, it indicates the bulls still have strength; the short idea for this wave is canceled. #uai $UAI
