UONE: Currently trading at 5.09 pre-market, The support I found was at 4.50 and 3.50 from previous day dips. Looking back farther I found that this stock spiked and passed 4.50 and 3.50 but did not close above them. But it does seem to hold the spike for a couple of days. Resistance at 7.16 and 8.38 from previous day tops. Its up about 127%+ from when it first spiked yesterday so I would be looking for a panic buy into 4.50 or 3.50 at the supports. I know resistance is higher but if I can capture 1 or 2 dollars I would be happy with that. My position size would be 550 shares. The news or catalyst that I found (I think that's why this moved) is the company filed a Form 4 which was a Statement of changes of Beneficial ownership of securities. What I'm getting from that is that the company bought their own shares. Which I'm assuming is good. Since they took in their own shares I'm also guessing that since their is less supply and that it shows strength that the company is buying their own shares, so that would be a bullish sign, this would increase demand and thus increase the price. Not sure if this is right but that is what I am getting.
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