TSX-V:UHO - TSX Venture Exchange - CA9106243038 - Common Stock - Currency: CAD
Overall UHO gets a technical rating of 6 out of 10. UHO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, UHO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UHO in the last couple of days, which is a good sign.
0.08
When analyzing the support we notice one important area.
When analyzing the resistance we notice 2 important areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
0.11 | 0.07 | 0.03 (33.33%) | 3.00% |
An entry @0.10. This is a Buy Stop order right above the 10 day high. | An exit @0.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.03 points, which is 33.33%. | When investing 3.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
TSX-V:UHO (8/6/2020, 3:00:00 PM)
0.09
+0.02 (+28.57%)