Within the next few days UPL will challenge the 50MA or be pushed back down to the .15-.16 area.
I suspect if it pushes the 50MA it will be quick. On July 5th it gapped above the 50MA, but what is better about this time is that the 200MA is closer. If it can gap up high enough perhaps the 200MA can provide some support. I am tempted to hang on to this stock closer to Winter time to see what it does when people are using more Natural Gas etc. for heating their homes. If it gaps high enough I might just sell.
I suspect if it gaps up in the next few days it will not be permanent and will fall back before Winter demand.
I suspect if it pushes the 50MA it will be quick. On July 5th it gapped above the 50MA, but what is better about this time is that the 200MA is closer. If it can gap up high enough perhaps the 200MA can provide some support. I am tempted to hang on to this stock closer to Winter time to see what it does when people are using more Natural Gas etc. for heating their homes. If it gaps high enough I might just sell.
I suspect if it gaps up in the next few days it will not be permanent and will fall back before Winter demand.
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Double Bottom. Nice move.