UEX Corp T.UEX

RE: OVERSOLD....o & d

[BlindBoy]

my two bits - I don't think charts have quite the same functionality on junior resource stocks as they might have on stable blue chips, (because the juniors are "event driven" and much more volatile). however, they can be handy for getting a good "feel" for determining accumulation cycles, potential resistance levels, breakouts, trends, reversals, and so on. that said, I would concur with Odin's guess about accumulating around the 50 day MA, which in the near-term is $0.25. interestingly, the 3 week price downtrend at that price-point convergence with the MA is accompanied by an upwards bounce off the bottom in the 15 day stochastics, and technically this "divergence" is considered a bullish indicator. on the fundamental side, the drill program last year kicked off in February and resulted in a bounce in the stock price (not much in pennies, but quite substantial in percentage). https://stockhouse.ca/comp_info.asp?drawChart=1&originalSymbol=UEX&originalTable=LIST&advanced=1&chart_symbol=T.UEX&priceDisplay=3&duration=3&moveavg1=15&moveavg2=60&movecolor1=ff3300&movecolor2=66cc66&addchart=3&Submit.x=31&Submit.y=14