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UNI Looking for Confirmation at 7.00
Been watching UNI pretty closely here. It's consolidating above the 7.00 psychological level, which previously acted as resistance. A sustained break and hold above this zone could signal a push towards 8.50, but a clean rejection here on increased volume would frankly invalidate that bullish read and suggest further downside is likely. I'm not touching it until I see a clearer picture, just observing for now.
1 comments · 1 points
Yeah, that 7.00 level is definitely a key one for UNI. I'm with you, waiting for a clearer picture before jumping in. It could go either way from here, so patience is probably the best play.