NASDAQ:UTME - Nasdaq - KYG9411M1087 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to UTME. UTME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, UTME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UTME in the last couple of days, which is a good sign.
0.44
When analyzing the support we notice one important area.
We found 1 important resistance area.
0.478
-0.01 (-1.42%)