Based on my last UOL blog post, I did my analysis on UOL, saying that the quality of supply was getting reduced and it's risky to short this counter. I also mentioned that the moment it tested the last low and if buyers were to bite and move the stock up, the stock would start to move higher. Today, the stock just moved higher after testing the last low for the past 2 days. The banks don't even move that much but UOL just outperformed. Some of my traders traded this counter and happy to see that the effort that put in matched the results. Congrats on the win!
http://stockmarketmindgames.blogspot.com/2019/06/uol-what-to-look-out-for.html
Ronald K - Market Psychologist - A Stock Market Opportunist
