Will UNIT break the 12.5 resistance?

[cornerstone]

UNIT is struggling at this price level for some time now. The company hold on after the Windstrem down fall but got stuck on the range 10-11.5. The recent earnings report tells that the company is working on covering her loss of clients.
There is a double top in 12.5 and in the Bookmap heat map it shows that there are a lot of sellers on this price level. I heard a lot of predicts that the stock will reach 15 even.
Any thoughts?

 

[maxinger]

something bad happened in Feb 19.

will the price go up? we shouldn't worry. It is not our problem.
Let UNIT CEO worry about that.
we just focus on which stocks to long, which stocks to short
& which stocks to avoid.

 

[cornerstone]

The bad thing that happened is Windsream files for bankruptcy.
As you see from the charts, is there an analysis that point on the stock going for long?

 

[maxinger]

The bad thing that happened is Windsream files for bankruptcy.
As you see from the charts, is there an analysis that point on the stock going for long?

There are 3 possibilities to trade :
1. go long
2. go short
3. avoid this stock


There are many charts that are rather messy, chaotic.
This is one of the very few charts which are very straight forward and easy to analyse.
Anyway, do your own analysis and do what u want.

I don't look at the floating ping pong balls and vibration charts.
Just focus on the candle sticks and volume chart and that should suffice.