The Responsible Trader

STOCK CHARTS AND ANALYSIS – URC

 

Our readers cannot seem to get enough of our THREE for FREE and they want more. The clamor is for more Stock Charts and Analysis of Index stocks, those that we have not covered yet, that they can mix and match with stocks in their portfolios.

We are feeling extra generous this week. Instead of our THREE for FREE we will do a SIX to MIX – Three Index stocks instead of one, and Three Non-Index Stocks instead of two.

In this connection following is our Technical Analysis of  URC  (UNIVERSAL ROBINA CORPORATION ) as of Sept. 16, 2015.

This is the second of our SIX to MIX for this week.

 

TA – TRT Way – Straight from the Chart

 

POSITIVE

1.   Bounce after hitting Double Bottom. After a trendline break, URC went into consolidation forming a Rectangle Chart Pattern.  It seems to have bounced and on its way for a comeback.  It needs to breakout  from P203.50 to get out of the range to signify a trend reversal.

 

NEGATIVE

1.  Price action below 200 SMA –  Bearish Long Term.  The stock’s price action below 200 SMA shows that it is bearish on the long term.

 

NEUTRAL

1.   Price action between 15 EMA & 20 SMA – Neutral – The stock’s price action has been within the range of the Rectangle Patten indicating that neither the Bulls nor the Bears are in control

2.   Price action almost touching 50 SMA – Neutral – The stocks latest price action has been almost touching the 50 SMA further confirming that the stock is  trading within the range.

 

NOTES:

1.   Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.   On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.

3.   September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media.  Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.

 

The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 

Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades.