Good news on the TA frontHey y'all, was checking the chart on UGE and noticed very positive signs of a reversal.
1. Bullish hammer candlestick close on the daily with high volume. Strong signs of a reversal.
2. Bullish divergence on the the daily and all of the hourly. From April 21 the stock has to lower lows, but the RSI has been keeping flat or higher lows (in case of the hourly charts)
3. MACD and Stochastic RSI show that this is very over sold.
4. Dropped to near the 0.236 support at when retraced on the FIB from the ATH to the low of 0.45 (start of the bullrun) and promptly bounced off of it.
Combine this all with insider buying and sellers losing momentum and you have a reversal primed for the run. Here's hoping we get some good news from the company.