UNIQ : Outlook for Feb 21st
February 20, 2011 Leave a comment
UNIQ saw a swift ramp late on Thursday closing on the session high at 3.34, with first support of any stature now at 3.28
The counter might be a worth a speculative punt if it dips back to 3.28-3.30 on low selling pressure today, with 3.38 then 3.42 and 3.46 seen as resistances.
It would however need to rally above 3.52 if the bulls are to take charge and upwards momentum is to build. Upper resistance is seen from the gap created back in January from 3.66 to 3.70, but it will need several few days of volume in excess of 5m shares / session if it is to get there any time soon we caution.