well IMHO, i think it is best to wait till the downward target achieve then jump on the time of confirmed reversal

sensei bonner and master danny can we have your take on this one? Confirmed H&S pattern ba yan? Parang hindi kasi tugma yung volume.

Jackson, somehow I'd agree with you that it looks like a H&S but the volume doesn't seem to confirm it.

I'd stay away for the moment and move on to another stock.

For those who are very much concerned with URC, let me share what I personally see from my bestfriend...Amibroker

But before anything else, I hope everyone who went Long for URC was able to get out at the CUT LOSS of 17.75. I would also like to appologize for the mistake, error or ignorance of my previous watchlist for recommending URC as an opportunity to trade its range. I forgot di pa pala pwede e-shot PSE...hehehe...but seriously...Sorry to those who lose money because of my watch list kung meron man.

Personally I see URC as a Symmetrical Triangle (Short Term 3months)But could be a Variation or Mutated H&S coz the right shoulder is kinda long But both could be right...all dpends where the price will go...

with my symm triangle 16 is the lower target
with the big H&S 12 i think is the lower target
with the smaller H&S 14 i think is the target

URS has been moving sideways for almost a year now. Well Head and Shoulder was the 1st suspect of my batchmates and our masters since last November pa when we were still having our seminar sa batch 10....but it continued to move sideways...so kala nmin stable na ito...well the worst happnd nga...it broke down.

BUT...sa LONG FRAME CHART...it is actually on its up trend...this may only be a correction to the major trend...but never discount that it could actually be a reversal na nga for URC...In my personal opinion...16 is the target of my symmetrical Triangle...and also the major support to the Major Trend Line...if 16 is broken...to me...patay na itong URC

Please check the small and big Charts

Only my personal opinion Just to share my view on URC...hope no one got hurt with URC.

Personal Disclosure: I dont have any position on URC, never also. The only Gokongwei Company I had was RLC... no URC, no DGTL, no JGS (noon meron me JGS pero 6peso lang sha, but sold it already last year) I only study the charts...so the only Gokongwei Company I was able to trade was JGS and RLC...only by incident...never URC and DGTL...not yet maybe soon if magbottom sila hahahaha

Good Luck Everyone

do you think it will breakdown with the size of the head? hock:

:oops: :oops: :oops:

After prompting me to sell at its lowest... URC is now testing resistance at 20... nakakabwisit talaga tong URC.... im already out... and took my biggest lost to date... but one has to see that it clearly it moving up... i wouldnt like to trade this traitor but if i could have a plan again on this stock... i would buy above 20... with a target price at the high/resistance of 22... cut loss immediately when it breaks the support at 20

good luck to everyone