Interesting Chart on Universal Insurance Holdings, UVE
This chart has been almost textbook on its Wyckoff Principles. We had a downtrend that was ended by the preliminary support at 1, selling climax at 2, automatic rally at 3, and secondary test at 4. Then we had a spring at 5 and then went into the trading range to build a count. Then point 6 jumped the minor creek, 7 backed up to it, 8 jumped major creek, and 9 backed up to it which is where we are today. Volume has been a little high last day and a half, but lets see what this stock does at these levels.