UMS – [ Continues Its Rise, Hitting Resistance Soon?]algo investing.com/wp-content/uploads/2019/03/ums.png” alt=”UMS 13th March 2019″ width=”968″ height=”558″ srcset=”http://algo investing.com/wp-content/uploads/2019/03/ums.png 968w, http://algo investing.com/wp-content/uploads/2019/03/ums-300×173.png 300w, http://algo investing.com/wp-content/uploads/2019/03/ums-768×443.png 768w, http://algo investing.com/wp-content/uploads/2019/03/ums-600×346.png 600w, http://algo investing.com/wp-content/uploads/2019/03/ums-704×406.png 704w” sizes=”(max-width: 968px) 100vw, 968px”>
Chart Source: Poemsview 13th March 2019
UMS continues its rally as Hi-P took the lead causing some spillover effect to the other electronic stocks.
Since our EARLIER ALERT back in February UMS hang on steadily to the 5ema which continued to support it.
UMS has hit multiple upside targets but could be hitting some strong resistance very soon. The upper trendline could be the next resistance so we won’t be over bullish on UMS for now since our alert was way back at $0.725.
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