Hippo
Technical Analysis is a very valuable tool. But for periods of time, fundamentals, fear, rumors etc can and do trump TA. Fear caused by no news at a deadline is firmly in play now. Charts don't mean anything to me this week as all I see is ugly. All which can be solved with a PR from UNGS. Th e current pps is only valid now if the mergers is off, the oil assets aren't sold etc. Somebody show me ANY evidence this is the case and I'll change my outlook. We had an update about 10 days maybe? That isn't exactly silence from UNGS. PRs are not free.
This stock is now priced like an OTC with billions or shares O/S and no viable future plans for profitability. TA aside, it looks like a real safe short to medium term buy if it drops anymore at all. I said I was all in, but I always keep cash and I am very tempted to provide some support tomorrow.
