UTG
has moved up 22 points since the last post here. A strong move is expected considering that price broke out of a long period of consolidation.
Do bear in mind that the £10.00 psychological round number resistance is not too far above which may slow price down.
Last week ended with a strong bullish bar and if the momentum continues then the £10.00 round number should not be too much of an issue.
Price is bullish across the Monthly, Weekly and Daily timeframes which are clear signs of a bullish stock.
We will be waiting for the next breakout to consider a trade.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading