Ubiquitech Software Corp (UBQU)

[Smokey13]

I believe we pullback/consolidate before next run.

Price is currently above the top Bollinger band which usually doesn't last long, Overbought on the RSI but Especially the MFI.

This USUALLY means that we can pull back to the MA which I believe is currently .0068 on the 6 Mo. chart.

I am bullish overall but after a 40% move within a week there is usually profit taking and a pullback before the next leg up.

I posted AMERICANBULLS.COM which is bullish on the stock so I agree but I think some consolidation is in order.

All that can change if we get more news and/or positive earnings soon.

Historical Short Volume Data for UBQU
Date Close High Low Volume Short Volume % of Vol Shorted
Sep 29 NA NA NA 6,359,664 3,447,794 54.21
Sep 28 NA NA NA 2,238,194 972,498 43.45

This could be intraday shorting so we don't know exactly but % for the past 2 days is very high. If they are forced to cover we can really run.If not we probably move down to the Moving Average...We'll see...

GLTA