U trade ideas
Ascending channel + LevelsAfter the market shakes off election fears, I'll be looking at U for continuation.This one has quite the range for the price.
U ready for next wave up?U has been healthily consolidating in this range for the last week. Solid support lines now formed, with a local H&S about to finish forming.
Additionally seeing a potential macro cup and handle, which can push the price past previous ath.
Average buying from 88-90 range for a move up to 105 and 120.
U Setup + BreakoutUnity went public at $44-48 per share and quickly doubled in price over the span of about two weeks. It has been consolidating and looks like it is breaking out today with some pretty impressive volume. If the market will cooperate, this one looks like it is ready to rip. Long
U - Key Levels, Strong Close, Increasing Vol. - 10.11.20U - Key Levels, Strong Close, Increasing Vol. - 10.11.20
Unity Software: Support Line at $68Unity is one of those unique cases where I wanted to invest, but the opening seemed too high. Now for a long position, a decent entry target for riding a wave might be at $68 with potential correlation patterns upwards to $70+. If I were still interested, I would likely do buy at $68, with target to $85 and a stop loss at $66.25. That being said, do your own due diligence and invest at your own risk.
