Monday, January 08, 2018 06:03PM /Quantitative
Financial Analytics Ltd
Stochastic Oscillator: The Stochastic indicator also
uses two lines to signal buys or sells, the %K and %D lines. Buy signals are
indicated when the fast %K line rises above 30 accompanied by a cross above the
fast %D line while sell signals are indicated when the fast %K stochastic line
falls below 80 and accompanied by a cross below the fast %D stochastic line.
As indicated above, the fast %K rose above 30 and crossed above the fast %D on December 27th indicating a buy.
Summary: Based on the above technical charts, we believe that the technical analysis is pointing to a buy signal for UBA.
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