Chart Watch: United Engineers


United Engineers (U04)


2016Mar-United Engineers-800x449


  • Stock looks like it has bottomed out after a big selldown in August followed by a consolidation stage and then a final shakeout in Feb.


  • It has recovered above 200MA and looks like selling pressure has subsided.


  • Look to see if it can hold above the support level of $2.16


  • Watch for breakout with strong volume above $2.25