United Envirotech (technical)

United Envirotech: earlier touched a new all time high at $0.94, generally an indication of strong near term momentum. Despite the firm upward trend, the recent meteoric ascension in share price has resulted in the key indicators hitting overbought levels. This raises the risk of a sudden reversal. Resistance at the psychological $1 level. In the event of a pullback, see support at the ~$0.80 level, which is close to the 0.24x Fibo retracement (based on a 1 yr chart) .