Union Resources (UCL.ASX) can be expected to take another run from herein. Having bought in 2 weeks ago for 1.1c, I sold some at 1.3c, and bought back today restored that holding at 1.1c. This stock can be expected to return to 1.4-1.5c, for a little consolidation before moving back to 2c.
The 1.1c level was support. The 1.4c level was resistance. I sold some at 1.3c because I was en-route to the Philippines, and missed an opportunity to get a higher price.
Refer to previous posts on this stock, i.e. search for 'phosphate'.
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