EZ Traders Forum

[vlispxpert]

UNSP is channeling between 20 & 50 day now on the 20/50 chart...Go back 6 months, was at .10+ then...A perfect study for those interested in charting:

http://stockcharts.com/def/servlet/SC.web?c=UNSP,uu[m,a]daclyyay[dc][pb50!b20][vc60][iUb14!La12,26,9....

1) Notice the triple test of both resistance & support from Dec to Feb. Once the resistance was tested 3 times at .065-.07's range the support broke at .035 in early Feb...

2) Notice the double bottom at .02, late Feb & early March...

3) Notice the bouncing from 20-50 day this last week...

4) The previous support at .035 is the new resistance, once that pops the new resistance should be the old support at .07...JMHO

5) It should channel in the .035-.07 range for a little while then should go back up over .10...JMHO

This is how I look at stocks & hope this helps those who want to understand how a long term play can make you big money if you have the patience & the understanding of the bigger picture...jmho Good luck to all...