Signal Update
Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 12/10/2021, 7 days ago, when the stock price was 32.9021. Since then UMDD has fallen by -5.32%.
Market Outlook
Bear market rallies may be vicious reversals, giving hard times to those holding short positions; so, it is better to be on alert despite the relative comfort provided by the current bearish trend. There is a bullish pattern to be confirmed, but the share price is still not above its confirmation level and the signal is suggesting to STAY SHORT; however, the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.