U Unity Software Options Ahead of EarningsIf you haven`t bought U calls last time:
Then analyzing the options chain and the chart patterns of U Unity Software prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Unitysoftware
Stage 2 Breakout Buy in UUnity is a gaming company that fits perfectly into the AI theme we are seeing lead this market.
I have marked up a weekly chart of the stock to show how it has progressed through the 4 stages of the stock cycle.
After chopping around the $20-$40 range for the better part of a year, U is trying to break out into a new Stage 2 uptrend.
Price action has tightened and the moving averages are now supporting the stock near its 52-week highs.
Also note the heavy buying volume that has come into the stock over the last several weeks. This is something we often see before a stock begins a quick move higher and is indicative of institutions absorbing supply and building a line in the stock.
The stock popped higher on Thursday morning before pulling back Friday with the rest of the market. Investors should consider buying here with a 10-15% stop loss.
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
Unity stock has been suppressed at the same position !Unity stock has been suppressed at the same position in the past year!
This figure shows the weekly candle chart of Unity stock since its listing and trading. The graph overlays the top to bottom golden section of the highest point in history. As shown in the figure, after the full release of the bearish momentum in May 2022 of Unity stock, it completed its recent bottom in July 2022 and has been suppressed by the 2.000 position of the golden section in the figure until now! In the future, it is likely to hit a new low or achieve a double bottom before accumulating bullish momentum and rebounding upwards!
Long Trade in UUnity is a big player in the metaverse space since the company specializes in real-time 3D content. The company is also deep in AI development which is a space I want as much exposure to as possible.
The stock has had a hard time getting above the $43 level, but the recent surge in volume looks like the fuel it needed to power to new highs.
If you zoom in on a daily chart, you will also notice a cup with handle pattern forming here.
The big clue for me is the volume. Look at the big surge of activity as the stock ramped up the right side. There is a huge appetite for this stock which is unsurprising given the AI theme of the current bull market.
$U on the decline $U has been steadily on a decline slope. With a rapid upward trend, a lot of barriers are in its way to stay climbing. Trendsi Indicators on the Daily chart shows bearish momentum, red EMA (middle band), money momentum (white line) has been slightly trading above it. RSI currently at 61.2, indicates slightly over bought. With a big jump also comes with a hard fall. Order block placed around 25.30 range. will be keeping an eye on it and will be getting a short position.
Trade smart, Trade safe, Happy Trading's everyone.
BEST BULLISH SET UP OF THE WEEKStumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't
like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart VOLUME VOLUME VOLUME that's what I want to see as a bull. Appears to be some clear-cut textbook accumulation complete with a nice retest. That green doji to end the week is sexy. If it opens red tomorrow or turns red this is the play of the week IMO especially if the rest of the market is holding up. As always not financial advice just some opinions.
$U -56% DISCOUNT (52-WK) -86%(ATH)!Unity Software is a good stock to have if you are big on software and gaming! it is currently down -56% from its 52-WK High, and down -86% since Nov '21. I see good buying opportunity in the $30-$35 area (Seems like heavy buying pressure started @$33)! A great buying opportunity is anything below $30!
United we stand!Unity Software
Short Term
We look to Buy at 32.33 (stop at 29.76)
Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Dip buying offers good risk/reward.
Our profit targets will be 40.85 and 47.19
Resistance: 41.00 / 46.50 / 78.00
Support: 32.00 / 30.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
50% profit on Unity
Check this out, nice and smooth a great signal in tough times.
Reached the bottom right now.
Bought recently by the big boss, with a very small risk of loosing your capital.
No need for other comments.
Damn, I am proud of me XD
Be wise don´t work for money, make money work for you.
$U Unity Trade Idea with Entry, Possible Targets, and StopLoss!Hi Traders,
Here's my Trade Idea for UNITY, after a good V shape reversale, followed by Downtrend Breakout, and not too bad Momentum, I think if it breaks the 105.9 level, it may reach the mentioned targets.
Buy Stop 105.9$
STOPLOSS 91$
Targets:
127$
136$
156$
Nfa, DYOR, and good Luck.
Let me know what do you think in the comments!
Time to play some UnityHello Friends!
It’s been a nice move from the bottom for Unity, congrats to the profit takers. From this point I think there are two ways to play this.
Option#1: Looks like a rising wedge will play out to pull back to $93 support before the next move up to $125.
Option#2: If it moves up to $108 and pulls back to $105, $125 might be in play.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Unity to Move Lower?Unity Software - Short Term - We look to Sell at 101.55 (stop at 109.41)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 103.50. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 74.13 and 67.10
Resistance: 100.00 / 120.00 / 135.00
Support: 90.00 / 70.00 / 50.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Unity: Trend Line Resistance SellUnity Software - Intraday - We look to Sell at 104.06 (stop at 111.92)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. The primary trend remains bearish. Further downside is expected although we prefer to sell into rallies close to the 100.00 level.
Our profit targets will be 78.95 and 68.20
Resistance: 95.00 / 100.00 / 120.00
Support: 85.00 / 80.00 / 70.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
U Unity Software short term price targetUnity Software`s game engine is used to create more than half of the world's mobile, console, and PC games.
They recently bought Weta Digital, which created the special effects for The Lord of the Rings and Game of Thrones.
I see a short term price target of $113 and a buy area if it will be the case when the interest rates will go higher at $90 - $95.
Morgan Stanley has a price target of $185 for Unity Software, U.
Looking forward to read your opinion about it.