Ubiquitech Software Corp (UBQU)

[Smokey13]

Closed Below Triple Top and Resistance/FACTS BELOW!

Smokey13 Friday, 12/15/17 02:49:25 PM
Re: None
Post # of 30602

Technicalogist it looks to be a Classic Bull Trap!

Positive Volume has Declined since the GAP Up Since Dec. 4th
-Especially during the Past week!
-Just look at the INVESTHUB Chart

Today MM's are Moving the stock on small trades back into OVERBOUGHT TERRITORY BOTH in the MFI and RSI and the MACD looks overextended and has Flat lined .

Anytime the RSI is close to the 70 mark it pulls back just look at OCT and almost every time in the past YEAR. We are just about 70 today.

I'm getting the feeling that MM's are marking up the stock before they do a Sell Off during the next two weeks.
Then once they bring it Down they will stock up for the real run in January.

We are just about 45% above the Moving Average at .0072 and that is too high for me to feel comfortable. Waiting for a pullback to buy more - NOT GOING TO CHASE!

Current B/A .0103-.0104
Last Price 0.0103
1st Support Level 0.0085
2nd Support Level 0.0077
LATEST:
Closed @.01 which is below the 3 Highs of .0107 and the 3 Closes @.0103
The big BLUE BUY LINE was actually someone buying a portion of my SALE at the ASK. The RED was just someone dumping at the bid.

I am bullish on this stock but at lower prices than we have now!!
I will be adding more as the price goes down again.