Stock in Focus: Universal Robina Corp. (URC)

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Universal Robina Corporation (stock symbol: URC) made an effort to advance since this December 23 post, however sellers quickly responded when price approached 123-125.

Above-average volume has been seen in the last 4 trading days, highlighting the tug-of-war between buyers and sellers as price nears the critical area of 110-115.

The TRIX Index has just formed a bearish cross and would threaten to zoom below the zero level if price descends further this week.

TP’s Advice: Avoid this stock for now. Range trading could be seen between the important areas of 105-110 and 130-135.

URC Daily chart, February 5, 2014

URC Daily chart, February 5, 2014

2 Comments

  1. epic fail. urc now 125.3. in addition, ex-date of 3/sh coming up!

    • Check your reading comprehension skills, my friend.

      I created this post 11 days ago (February 5). It is now February 16.

      If you read my post carefully, I said there was “tug-of-war between buyers and sellers as price nears the critical area of 110-115” and “Range trading could be seen between the important areas of 105-110 and 130-135.” In other words, there is no “epic fail(ure)” and no hindsight since I expected price to behave as such 11 days ago.

      I always try to give options to my readers, since each one would trade or invest differently. One option is to reduce risk (that is what the tip “Avoid this stock” is for). The other option is I give price areas to watch out for.

      Mistakes are a part of trading, so do not overthink or dwell on each one of them. My advice for you is to keep reading and learning, and don’t focus on mistakes of others. Instead, focus on yourself and what you can learn from others.

      Luck be with you

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