UnifiedOnline Inc fka UOIP

[Sazo233]

its extremely good if we break it to the upside on high volume...

This is a model cup and handle formation from the looks of the chart.
- Cup bottom is well formed over a 6 month period
- Volume of left and right sides of the cup is elevated
while the handle volume is low. Typically rule of thumb,
price should not decline more than 1/3 of the high of right side of the cup
- In our case we got .28 as the high, 1/3 of that is .09 cents, so the handle should not go below .19cents and as we can tell were holding .21 so far with very little selling going on.
- Today is the first doji day with practically no volume
If volume on the buy side picks up, we will break the handle channel
and if paired up with positive merger news this can very well be
the breakout of all breakouts. traders will be all over this if theres a high volume break through upper .20s

heres more info on the formation

StockCharts

and Investopedia

3 year weekly chart