UNFI is in a downtrend but is currently holding the support level between $2.35 and $2.51. In the past, whenever UNFI has reached this support, it has bounced back with gains of over 500%.
This support is crucial for UNFI to hold, and based on past rallies, it should rebound from this level soon. For better confirmation, UNFI must break and close above the $3-$3.5 resistance on the weekly timeframe.
Key levels:
- Primary Resistance: $3-$3.5.
- Crucial Support: $2.35 to $2.51.
- Bullish Confirmation: Breakout and close above the resistance in a weekly timeframe.
- Target: 500% Rally.
- Invalidation: A weekly close below $1.9.
DYOR. NFA.
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