Thursday, August 4, 2011

UMS - The Distribution Campaign


I was introduced to look at this counter and what a gem it is! If I got it right, this counter is in a big distribution mode. Look at the trading range, can you spot why i said it is in a distribution mode and not accumulation? See the circled area, that was the second clue where the rally could not sustain. Can you spot the first clue? It is pretty obvious. I am only looking to short this counter at this moment.

Ronald K