UOL had been climbing steadily for the past week. Looking and studying in the minute chart reveals that there is some profit taking going on last Friday. The stock had also hit a all time high which BBs will look to lock in profits. In the short term, I would look to lock in profits first and assess the trend again should the BBs want to continue to push it up. There are better counters to rotate now. Register and come for my short term trading event tomorrow if you are interested to learn some insights on the BBs.
Ronald K - Market Psychologist - A Stock Market Opportunist
