UOL

Commentary:

UOL has been consolidating, bollinger bands tightening. MA5 cuts above MA20 and MA50. Price action facing persistence resistance at around $2.1. However, watch for the gush of water rushing in when the dam finally broke.

Strategy:

A strong breakout above $2.1 with strong volume calls for a screaming buy. Go with the flow of water. Fear Not. Agressive traders can pre-empt price breakout once MA20 breaks above MA50.