The long term outlook for UNI is bullish as suggested by the trendlines. At this point there is a possible downtrend as indicated by preceding the lower low. If such a correction does occur then there is support at $3.7 and another at the channel trend line $3.5. Subsquently a bounce off will target centre channel trend line of $4.2- $4.5.
RSI currently at 50% with a downward direction.
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