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k314
Oct 8, 2019 8:10 AM

UBL weekly chart analysis 

UNITED BREWERIES LNSE

Description

As seen on UBL weekly chart the upside looks capped and there is a high probability of a bearish move once 1215 is broken.
UBL bulls who bought it at very low levels and currently holding it with profit can book profit on every rise or maintain a save profit at 1215 to preserve your profits.

Investors avoid it completely (even buying on dips/averaging).
Lets wait for UBL to test the channel bottom and we can decide our next move after that.
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