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.