Figure 1: UBP Price Chart
Information:
Date Bought: 8/6/2010 Buy Price: 44.15
Reason for Buying:
1. It was sold heavily the past days and is now at the oversold area of my indicator.
2. Price has establish a base near the support line.
3. Extremely above average volume transacted the last two days and a very narrow range candlesticks. This is what they call as churning, an indication that there is a heavy accumulation going on.
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