Ujjivansfb needs to climb the wall of worry of 26.50 after which it is open for targets of 32, 38 and 44 (fib levels of 0.318, 0.5, 0.618). At 26.50 it will be going above two resistance lines, the moving averages are all placed in the correct order and trending upwards
Comment:
the crossroad has well and truly been breached.. a lot of trading has happened in and around the results time and the stock may take time to cool a bit or as they say, consolidate, but I would rather stay invested in this one as it has a lot of potential to rerate.. its peers like Arman and AUsfb are quoting at over 6 times price to book value...