UPZS Charts: Interesting Candlestick patterns.....
Post# of 776
Posted On: 07/20/2014 11:35:33 PM
UPZS Charts: Interesting Candlestick patterns..........Bearish Harami Reversal Pattern and Hanging Man/Bearish Hammer candlestick patterns formed on the daily chart on Friday...........that's sounds really bad........right?...........
Well, take a closer look...............UPZS closed above the 50 DMA @ 0.027 for the 2nd day in a row.........checkout the 1st chart.........impressive........last week was the first time UPZS closed above the 50 day moving average since March.........it's important to note that UPZS failed on both occasions in March to close 2 consecutive days in a row above the 50 DMA.........UPZS closed above the 50 DMA twice in March, but each time failed to close above that level the next trading day.......
Change in Trend Alert..........UPZS successfully closed above the 50 DMA 2 days in a row..........Major Bullish Change in trend..........that will be the KEY level to turn into support next week........ .
Now checkout Accum/Dist.........nice Up Tick on Friday even though Friday was a red day.........2 days of rising accumulation............exactly what bulls want to see when a moving average is turning into support.........Fast Sto & Slow Sto are both in the above 80 Overbought/Power Zone......RSI @ 60.07 still has room to run until the over 70 Power Zone gets hit........
The question for Monday will be whether or not UPZS has juice to run or if it needs to test the 7 DMA support level before confirming the 50 DMA as support?...........
Take a look at the 3rd chart........it's a 1 year weekly chart.........huge close above the 10 DMA last week on record volume..........UPZS is oversold on Fast & Slow Sto's on the weekly chart.........Bullish spike on Accum/Dist & CMF.........Coppock Curve is starting to hook up signaling a bullish change in trend.....the weekly chart is looking very bullish w/ the 20 DMA @ 0.0927 as the next simple moving average resistance level.........
Keep an EYE on UPZS next week............if the 50 DMA on the daily chart and the 10 DMA on the weekly turn into support it will be Major Showtime!................$$$
http://stockcharts.com/h-sc/ui?s=UPZS&p=D...2825065090
http://stockcharts.com/h-sc/ui?s=UPZS&p=D...1847481817
http://stockcharts.com/h-sc/ui?s=UPZS&p=W...9954164493
Well, take a closer look...............UPZS closed above the 50 DMA @ 0.027 for the 2nd day in a row.........checkout the 1st chart.........impressive........last week was the first time UPZS closed above the 50 day moving average since March.........it's important to note that UPZS failed on both occasions in March to close 2 consecutive days in a row above the 50 DMA.........UPZS closed above the 50 DMA twice in March, but each time failed to close above that level the next trading day.......
Change in Trend Alert..........UPZS successfully closed above the 50 DMA 2 days in a row..........Major Bullish Change in trend..........that will be the KEY level to turn into support next week........ .
Now checkout Accum/Dist.........nice Up Tick on Friday even though Friday was a red day.........2 days of rising accumulation............exactly what bulls want to see when a moving average is turning into support.........Fast Sto & Slow Sto are both in the above 80 Overbought/Power Zone......RSI @ 60.07 still has room to run until the over 70 Power Zone gets hit........
The question for Monday will be whether or not UPZS has juice to run or if it needs to test the 7 DMA support level before confirming the 50 DMA as support?...........
Take a look at the 3rd chart........it's a 1 year weekly chart.........huge close above the 10 DMA last week on record volume..........UPZS is oversold on Fast & Slow Sto's on the weekly chart.........Bullish spike on Accum/Dist & CMF.........Coppock Curve is starting to hook up signaling a bullish change in trend.....the weekly chart is looking very bullish w/ the 20 DMA @ 0.0927 as the next simple moving average resistance level.........
Keep an EYE on UPZS next week............if the 50 DMA on the daily chart and the 10 DMA on the weekly turn into support it will be Major Showtime!................$$$
http://stockcharts.com/h-sc/ui?s=UPZS&p=D...2825065090
http://stockcharts.com/h-sc/ui?s=UPZS&p=D...1847481817
http://stockcharts.com/h-sc/ui?s=UPZS&p=W...9954164493
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