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.

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