UPP (technical)

UPP: chart action looks subdued at the moment. Share price has been flat-lining around the $0.34 - $0.36 area, along with the key technical indicators. Nevertheless, the odds favor share price rising from current levels, in view that Stochastics is showing signs of a hook up from oversold levels. Those looking to bottom-fish, may find an entry point closer to the $0.345 support (200day MA), but would consider to keep a tight stop if share price dips further below $0.33 (Nov '12 low). Resistance is at $0.395, and a break above could signal the counter as a bullish break break out candidate.