Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s): UURAF

Metals & Mining Industrial Metals & Minerals

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

TSXV:UCU - Post by User

Ucore Rare Metals Inc.

Bullboard Posts

Post by TAPickson Apr 08, 2011 9:00am

546 Views

Post# 18403482

Ready to go?

Ucore Rare Metals Inc. (TSX-V: UCU)I've had really good success with Ucore in the past (see Successful Trade and How to Trade Chart Patterns) and I think we are ready for another run on it. Indicators right now are in the 'undecided' zone and we're forming an Ascending Triangle on the daily with resistance at $1.00. What would trigger the buy signal on Ucore is a close above $1.00 on above average volume, with about 3 millions shares traded. It lost its long term trend line with the Japan crisis and has recovered quickly from it. My first target on Ucore is at $1.20 for gains of 20% and if it posts a confirmation close above $1.20, that resistance line now becomes support and we would potentially see $1.40 or $1.50 this time around.