Wednesday, January 5, 2011

Universal Robina Corporation (URC)

URC 3-YR Daily Chart



URC seems like nearing/at the bottom already as there has been a bullish MACD divergence on the daily charts.

If the bands constrict at 34 levels, a breakout from that level would suggest the reversal of the intermediate trend.

Watch it, no need to rush to get in as it might still slide further.

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