UMS historical high price
- Based on daily chart, UMS is trending up within the up-channel. Right now it is trading at the price of $1.30, which is the low of the channel.
- Currently, there is a retracement after hitting the resistance price level of $1.39. In the event UMS breaks below the up-channel, it may signals a bearish reversal and retrace to the support level of $1.08.
- The MACD’s long period signal line seems to be crossing down the short signal line, which might be another indication of the bearish reversal.
- If UMS breaks above the resistance level of $1.39, it may continue to rise within the channel and create new historical high.
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