UPP ---> Buy or BYE

3. Juli 2020

A trending stock and traded with volumes, but recently its been under tremendous pressure. Surely its in a uptrend making new highs, the news is its restructuring its debt and soon will finalize it this is the fundamental catalyst for now that is effecting this stock. Technically its witnessing selling pressure after the breakout it could not hold at the key support levels. From 0.315 to 0.322 is resistance zone as of now i have made 2 scenarios either it touch the resistance zone and come down 0.260 which is a key support area OR it breaks the resistance and make a new high again. Remember its just around 200 ema which is a dynamic support lets see if it can hold it but from the history it doesnt respect 200ema. I would not trade this one til it break 0.320 retest it and give me a buy signal to take the trade. Bearish on this one.

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