What leads me to believe today could turn in to a green day is that we have had much lower volume the past few days and a solidifying Bid level without major drops in pps. Additionally, we are sitting right near a support level from which UNGS has had huge leaps from...Unfortunately, I don't think we are going to burst through the ceiling today. But confirmation of a new support level would be outstanding.
If people would stop buying on the bid and begin to have REASON to have CONFIDENCE in buying on the ASK, things will turn around quite reasonably. But with so many people buying on the BID it makes it tough for a stock to climb anywhere. You know the logistics of that.
So my bet is that with yesterday and today's BID support levels, investors will start having more confidence in adding to their positions or buying in to UNGS for the first time.
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