$U - RC -
Added 2023-09-18 17:00:17 +0000 UTCI do not like how $U has been moving lately. Rejected at the top blue like which was a strong resistance line, came back down below the second blue line and then got rejected under the 50 Day MA, the price action has also lost the 200 Day MA today too, complete breakdown of the potential impulse wave and this is looking like the corrective wave is in control here.
That sharp decline leading to earnings in August was triggered by something, close followers of this may know what that is, $ARK are big holders of $U too.
I advise caution here if considering starting a position.
