Saturday, January 12, 2008

UEPS Net1 Ueps Tech

This stock had a good run after trading down below $22 in early August and went as high as $33.82 in November. UEPS has support around 28 It has been building near term base that has left it right below the 30 level. If UEPS can move back above its 50- day moving average at $30.54 it could easily find its way back toward the 52 week high of $33.82 and higher.

click chart to enlarge


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.