UTAC (U12) - Bearish Rejection

The above sighted. Candlestick evidence is: where several upper shadows at approximately the same price ($0.72) at resistance level (this case 5 times). Meaning the share is having difficulty closing above this level This has a bearish implication as selling activity undermines the power of any bullish uptrend. So stay put and don't "cheong" if this resistance level is not cleared.