Union Resources (UCL.ASX) will probably make a move upwards tomorrow. The reasons to expect this are:
1. The simple moving average is about to cross the share price - see chart
2. The company is probably ready/due to make some promising announcements about its offshore Namibian phosphate project. i.e. Finance or feasibility study.
3. A block of stock was placed on-market today, which might auger for a push up in this stock
I expect a short term run up to previous resistance of 1.2c, then consolidation, and an eventual breakout taking them at least to 1.8c. I must say though, I am expecting a takeover bid for this stock by Minemakers Ltd (MAK.ASX). That company seems to be in the process of a restructuring, so perhaps that will take some time...or maybe its simply a precursor to it. They have shed some Tasmanian assets.
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