(NASDAQ:UTME) Shares?Įvery investor in United Time Technology Co., Ltd. ("UTime SZ") signed an investment agreement on the establishment of the production line of smart telecom devices (the Nanning Production Base) in accordance with which, UTime SZ agreed to establish manufacturing facilities to produce smart telecom devices in Nanning, China.ĭo Institutions Own United Time Technology Co., Ltd. UTime Limited ("UTime" or the "Company") (Nasdaq: UTME) announced that on October 6, 2021, the People's Government of Jiangnan District in Nanning City and United Time Technology Co., Ltd. UTime Announces Plans to Build Smart Telecom Device Production Base in Nanning, China
Utime ltd reddit update#
We're checking in on the top penny stocks that investors will want to keep an eye on today in our market update for Monday. Top Penny Stocks Today: Why NILE, CEI, CENN, UTME, HUSN and BBIG Are Soaring Today William White on InvestorPlace | March 21, 2022 Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday The company was founded by Minfei Bao, Junlin Zhou and Bo Tang in June 2008 and is headquartered in Shenzhen, China.īelow are the latest news stories about UTime Ltd that investors may wish to consider to help them evaluate UTME as an investment opportunity. It operates through two in-house brands, “UTime,” which is known as middle-to-high end label and targets middle class consumers from emerging markets and “Do”, as low-to mid-end brand, is positioned to the majority of grassroots consumers and price-sensitive consumers in emerging markets. The company operations are based in China whereas most of the products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. The firm also provides Electronics Manufacturing Services, including Original Equipment Manufacturer and Original Design Manufacturer services, for well-known brands, such as TCL Communication Technology Holdings, Ltd., a subsidiary of TCL Corp., Haier Electronics Group Co., Ltd., a subsidiary of Haier Group Corp., and Quality One Wireless LLC, based in Orlando, Florida. engages in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. Want to comment? Do below or on the Reddit sub ApesInvest.UTime Ltd. Time of course will tell.Ĭautious traders may want to wait until the psychological 15 dollar level is tested and enter towards that 20.59 and psychological level of 25.ĭo you own DD but a moderate level of risk leans towards a continuation of a new upward trend if it holds around the 12s. If that holds then there is likelihood that this consolidates sideways for an extended period and stays above the 12 dollar level then tries to retest a rebuild to the mid range upper levels. Personally I see this retesting up to the 20.59 level and if possible the psychological level of 25.
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That is the scenario that bearish investors would hope for.
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They still lean bearish and this could possibly be indicative of nothing but a dead cat bounce. The 4 hour, daily, and weekly aren't exactly rosy. The 15 min and 1 hour moving averages are leaning toward strong buy to buy.
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The RSI is low on the daily and seems to indicate a buying opportunity for a long position. The volume profile is impressive and the macD on the daily is priming for a bullish cycle. However it is clearly reversing a downtrend as of July 8th and is likely going to try and retest 15.18, 20.59, and 30.61 as it attempts to regain its mid-range between the 30.61 and 54.84 level. Can UTME make it back towards 100? Possibly but unlikely in the short run. Daily levels of resistance and support are on the chart. It is finally out of an extended bear cycle that has lasted since June 17th where it declined about 60 dollars from the open and started a massive bear trend. Hello traders, speculators, and investors,