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Union Bankshares Inc UNB

Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.


NDAQ:UNB - Post by User

Post by kevlin139on Nov 16, 2005 5:17pm
386 Views
Post# 9877715

When?

When?If anyone is wondering when the real breakout is coming, instead of this consolidation pattern of, up and down. Look for follow through from a "bottom". If .23 is a recent bottom, follow through of any strength, usually happens 3 to 7 days after the "bottom". Follow through would be a significant rise in price on above average volume. If you look at the bottom a few weeks ago at .22, you'll notice no follow through within 7 days after. That would have been a sign that the consolidation phase was not complete. The furthest "bottom" candle day, would be day 1, therefore we are on day 3 tomorrow, and day 7, would be Wednesday next week. IMHO
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