UBL looks promising for a swing trade

17 thg 8

In the major trend, the stock is in an uptrend, and in the minor trend, the price has consolidated just below a key resistance line, as highlighted in the chart. Recently, this resistance line was broken, and the price has since retested it, successfully finding support at that level. Given the overall technical setup, this appears to be an opportune moment to consider entering a swing trade in this stock.