What I like about the chart:
- volatility is very, very narrow. The stock is gearing up to make a move
- ULT is moving up; that suggests to me that the move will be up.
- Significant volume @ price bar where price has been accumulating.
- Some constructive volume over time.
- Very, very thin volume. However, that can be a boon for this type of set up. Volume will need to come in to make this stock move.
- Bad news could make this stock fall out of bed.
- Very strong balance sheet
- Profitable, but goosed with gain from an asset sale.
(1) I don't do in depth financial reviews; very cursory. This trade is primarily a speculative technical trade.
Position: I entered a long position @ 4.72 today.