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Sunday, June 22, 2014

United Envtech

United Envtech - 29th June 2014 - United Envtech had again broken out on 24th June and closed high at 1.50. The volume was super high and this is generally quite bullish. Currently, it has experiencing some profit taking correction and closed at 1.415 as of 27th June. Chart wise it is still on a uptrend mode and RSI is still trending upwards which is rather positive. Short term it is more likely to move up to re-test the all time high of 1.535.(trade base on your own decision)

United Envtech - 22th June 2014 - United Envtech had a nice broke-out on 17 th June 2014 and closed high at 1.405. The volume was high and this is generally very positive and bullish in driving the share price to head higher. All 3 indicators are turning upwards which is rather positive. On 20th June 2014 it had continued to trend higher and closed well at 1.47. Looks like it may move up to re-test 1.535 (all-time-high) being set on 20th Mar 2014.(trade base on your own decision)

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