$UNFI is in a major strong support at 50-day MA

14 Haz 2020

UNFI current price as of this writing closed at 15.44

Technically, UNFI bounced on a 50-day moving average at 14.68 and another support at 15.15.

If it breaks down from its 50-day MA, another strong support at 13.62. A good entry is somewhere near the support at 13.62, 14.68 and 15.15 in case of a strong selling pressure.

With its good fundamentals - value, growth and momentum, its price movement may move sideways or bounce to its 14 to 17 price range while waiting for its catalyst.

Note: This is not a financial advice. The author is long on UNFI.

16 Haz 2020

İşlem aktif

As of June 16, I am correct in my analysis, UNFI is now at $16.90. My forecast is a range between 14 to 17 while waiting for catalyst to break at 17.