Looks like 5.2c resistance already gone and became support.
If you rely on the chart analysis, I think current 6.6c is just the resistance, and from the chart,next pivot point should be 9c.
tbh, Today's 6.6c close shocked me a bit--quicker than I thought.
I still insist my post on 14--clearly the buyers hold inside news:
"IMO, thoday's volume clearly show the inside news has been leaked.
Either the early Hree results leaked from the lab or the deal has been done with the Major North Amercian Company.
As I pointed early, SP will test 5.2c due to the Dome5 announcement.
Since we still havenot seen the ann, but 15million shares are changed hands today. No doubt there is a positive inside news behind the move.
If 5.2c resistance gone(can be confirmed tomorrow opening), I am sure SP will be above 6c soon."
As at 14, 01, 2011
Add: at 6.6c per share. Market still much undervalue the "deal with the Major North Amercian Company"
Why? because UXA can make a deal with one "Major" means actually UXA has potential to make deals with "ten Majors"
All in all, I believe today's buyers already know who our "Major" partner is and what the deal is. If not, they must know the HREE results from the Lab.
Following UXA for 6 month, I cannot believe there is third possibility atm.
So, rob, if trade by inside news, it's hard to tell the resistance, but I also think SP will test 10c sooner or later.
good luck.
UXA Price at posting:
6.3¢ Sentiment: LT Buy Disclosure: Held
