UONE
UONE-Can you "Cup and Handle" it? "Cup and Handle" pattern identified on Urban One's ( UONE ) daily chart.
Position-No position entered at time of pattern recognition
Stance-NEUTRAL until the handle breaks at the top or bottom.
My intended play- I will take it to the upside if the price goes beyond the top of the handle. However, I will do the opposite if price breaks the bottom of the handle.
*Note of importance- Please keep in mind that Urban One has earnings May 5, 2022.
*******THIS IS NOT FINANCIAL ADVICE*******THIS IS NOT FINANCIAL ADVICE*******THIS IS NOT FINANCIAL ADVICE*******
$VINO LongI am long $VINO.
Uplisted to nasdaq February 17th 2021.
Float just increased by a maximum 1.5M via equity offering that should be closing within the next week.
Current float now stands at 7.5M shares.
I've personally been watching the (mostly) dry tape over the last few weeks as I've also accumulated a core position...large buyers just keep the spread wide and it moves exactly like you'd expect a low float to trade day to day...that is, sparse volume, large hidden buyers and sellers with icebergs everywhere and wide price movements due to a relative lack of liquidity. Today saw well over 200,000 shares at the ask bought and a consolidation down to some moving averages and above vwap.
Keep in mind that a little less than a month ago over a million shares traded hands within a 1 hour segment prior to the 4PM close and in afterhours. Then an offering for 1.4M shares at an aggregate $3.68
If you don't trade low floats often be careful not to get too carefree.
UONE - Casino Project 👍-What’s prompted investors to snap up Urban One shares?
-It’s very likely a direct response to the announcement by McDonald’s USA that it is moving forward with what it calls “bold new investments to further reflect its diverse customers, crew members and communities in its marketing.” It’s a four-year effort, and women-owned and LGBTQ+ platforms are also poised to benefit.
-That said, the jump is undoubtedly a reaction to the news that a panel of City of Richmond, Va., officials has given an affirmative nod to Urban One’s casino project. This ends a evaluation of various development plans requested by the municipality. It’s now up to voters to decide on Election Day 2021 in a referendum, pending an OK from Richmond’s City Council.
-Specifically, Richmond’s Resort Casino Evaluation Panel recommended that the ONE Casino + Resort — which will have branding in line with Urban One’s “ONE” nomenclature — moves forward as the city’s preferred casino gaming operator at a proposed site in South Richmond. The Evaluation Panel’s recommendation is supported by the city’s Mayor, Levar Stoney.
UONE: Police Brutality TimelineTimeline to correlate periods of social unrest due to the use of deadly force by police. Unrest due to political ideology (Occupy Movement) had no effect on UONE stock price. Periods of relative peace also had no effect on stock price. Riots that resulted from sporting events were not included in this analysis.
$UONE Net Income of $6,591,000 in 2018 Float 1 Mil O/S 1.5 Mil$UONE Is not only highly undervalued it is operating in a pivotal time in human history. The company recently moved from $2 to $54 within a week timeframe, and I believe a similar move could be quickly coming potentially breaking 52 Week Highs as the election draws near.
With several cultural catalysts on the horizon Ad revenue for the company should spike heavily this year and in addition to the fins showing that increase, there is also Trump's $500,000,000,000 Platinum Plan, the details of which we will be finding more about this and next week and into the next two debates.
Trump will expand upon it due to the disaster of the first debate and ensure the Black vote is completely won. The plan itself has already been written up and sent to the White House for review from the latest sources on it.
However this alone isn't the only catalysts, during the riots, and unrest the stock saw a dramatic increase as well as the media reported on it. Any kind of media related event will spike the stock IMO.
In conclusion the stock in general has seen a slow and steady rise since consolidating from the last run, and the technicals show it is ripe for a second major run into the end of year.
$UONE The $SPI $SUNW of next Week? The Catalysts Say Bigger...Let’s compare: $UONE 1,600,000 O/S 980K Float
$SPI 15,000,000 O/S
$SUNW 16,000,000 O/S
You do the math.
We went from $2 to $50 last time on absolutely no news. Trump announcement of $500,000,000,000 into Black communities announced near the end of trading day on Friday kicked off a 100% into the close of A/H's trading, closing near $8 from $4 I anticipate a move to $50+ by Tuesday. Last time it took about 2 days to get to $40 and 5 days to get to $50 I believe it will be alot faster and harder this time around.
We could possibly even see $70 when this is all said and done.