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U2ST34 trade ideas

U - Strong break into all-time-high (ATH)Although U has recovered quite significantly from it's low of $76 in May21, it's recent break into ATH on 10 Nov is quite signifant, backed by strong volume. I am expecting that it will have some way to rise (with near term support @ 174). Any near term retracement towards $174 would be a good opportunity to long. ATH stocks tend to run for longer as they aren't impeded by "prior resistence", athough retracements along the way up is still part and parcel of an uptrend. Once can consider to set profit targets along fib extension 1.618 and 2.00 of the AB swing up, or set suitable trailing stops to see how far it could go. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NYSE:ULong
by Juliac
Cup and HandleEarnings must have been received well. Price is OVER the top Bollinger band and is OVERBOUGHT on daily and weekly RSI set on 80, showing a lot of momentum. Price eventually returns to the safety of the bands. An overbought stock is one that is trading at a price above its intrinsic value. When a stock is overbought, it's usually expected that the market will correct itself and move to a lower level. The cup is 98.94 in depth so this is a deep cup. Targets are calculated using cup depth and fib levels. Possible stop below handle low, or perhaps somewhere below where price pulled back to at market open. Everyone is different regarding risk tolerance. Long entry level can be important to a person's psyche if a person wants to hang on for any length of time. There is always tomorrow and the next day, well hopefully (o: No recommendation
NYSE:U
by lauralea
Unity TechnologiesA spike in consumer spending in the online gaming industry is expected to have driven Unity’s real-time 3D technology adoption among gaming companies. Unity has been developing its platform by introducing product capabilities, which are likely to have been a major growth driver. The constant demand for interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, and virtual reality devices is likely to have aided the company’s top line. I like the U chart. We wait for the growth to the pointed Fibonacci levels above. Best regards, EXCAVO
NYSE:ULong
by EXCAVO
3
U LongUnity Software, Inc. develops video gaming software. It provides software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Unity lets anyone be creative. Unity Software Inc. (U) closed at $145.99 in the latest trading session, marking a +1.49% move from the prior day. This change outpaced the S&P 500's 0.48% gain on the day. 42.67 (41.30%) Up in the past 3 months
NYSE:ULong
by mthompson45
Unity Software10.19.21 Bobby's Homework Assignment : U Draw the lines on the chart. There are not very many. Listen to my description and then try to describe what I said once or twice. Make sure that you make distinctions as it relates to the PRESS. Make sure you mention the double bottom. Make sure you understand how to use the extensions to find the trade entry, and also to find the target. Do not forget the concept of RUNNING the stops. The next day review the chart that you have drawn and try to talk through the chart as if you were teaching somebody and mention all the points that you can remember, and then go back and see if you missed anything when you look at your notes from the previous day. Better yet, I would suggest that you find the prettiest girl that smiles at you and ask her if she wants to get together with you to look for stock picks. And then explain to her some your ideas about a good stock for your portfolios. There is nothing like learning something and then showing what you learn to other people.
NYSE:U
by ScottBogatin
3
Cup and HandleThis is an intra-year C&H pattern and there is plenty of resistance overhead. At cup break out, there will be a gap to encounter with possible resistance at the top of that gap. Negative volume is high on this one. Short interest 6.26% possibly due to the resistance overhead or anticipation of the next "buy stocks on sale" market day. Yearly high is 174.94. U came off the bottom with an inverse head and shoulders pattern and has broken neckline a while back. The 50 has crossed up and through the 200 SMA. The 200 a bit flat today but the 50 is sloping up as is the 100. no recommendation
NYSE:U
by lauralea
UPDATE. Unity stock trading plan $UHi everyone! Today I decided to post an update on my initial NYSE:U prediction made a month ago. Here is what happened: Price broke out of the long-term downward trend sooner than I expected. Trend line got softly backtested and held. Supply level at 139 level was reached. Return to strong 128 demand level. As much as I love this stock I do not believe it will keep the pace on the way up. I expect it to hard backtest the red trendline. If that holds, Scenario #1 will still be intact. It is also clear now that Scenario #2 did not play out, which is obviously good. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:ULong
by AyBe_Invest
$UUnity is a platform that provides two sets of solutions: Create Solutions and Operate Solutions. Create Solutions provides a comprehensive portfolio of software solutions for developers to create 2D and 3D content that can be deployed on more than twenty platforms, including Microsoft Windows and Apple. Unity’s Operate Solutions offers app developers a set of solutions to grow and monetize their end-user base. The company competes with AppLovin through the Operate Solutions business. Interestingly, Unity is also one of APP’s partners and enterprise client. In Q2, Unity posted revenues of $273.6 million, a jump of 48% year-over-year, surpassing the Street’s estimates of $243.07 million. Revenue from Operate Solutions grew 63% year-over-year to $182.9 million But moving away from the fundamentals and moving onto the technical side of things. Unity Software has been forming an falling wedge since the 26th of June. If this patterns plays out correctly price should fill the gap before falling. MACD flat. RSI flat with the 50MA looking really to break above the 200MA. Keep this on your watchlist. - Factor Four
NYSE:UShort
by TheBlankFund
Unity Software in a bullish channel Unity Software is trading in a bullish channel. It has already completed 3 waves and should retrace to around $115, before it resumes its uptrend to $170-$180. We are currently trading inside an ending diagonal of a fifth wave, which means we will have to retrace deep. TRIX , which is basically a modified MACD histogram, is flashing bearish divergence. I have outlined the risk and reward for you on the chart. The yellow box is the end of the 4th wave and our target. Once our target to the down side gets hit, we should see run up to the blue box on top of the chart. Good luck.
NYSE:UShort
by MoneyForNothingAndPipsForFree
1
UIt is necessary to hold the 0.618 zone and the probability of a b wave goes down to a minimum. And the possibility of a test is hinted at by multiple divergences, in particular on RSI, MFI. 8/31/21 Macquarie Initiates Coverage On Outperform 152.0 8/11/21 Goldman Sachs Initiates Coverage On Buy 135.0 8/11/21 Stifel Maintains Buy 135.0 8/11/21 Piper Sandler Maintains Overweight 152.0 Unity Software Inc. Is a technology company that operates one of the leading platforms for creating and managing interactive 3D content in real time. Key points Unity is growing much faster than the video game industry. Unity's subscription-based business model is far less risky than the game-making business. Its subscription-based business is delivering more consistent growth than the hit-and-miss market. The investment in Unity is a bet on the continued intense competition in the video game industry, which is a good bet. While the overall revenues of the video game industry have barely changed, Unity's revenues are growing significantly. Plus, since a portion of Unity's revenue comes from subscriptions, it generates much smoother results, avoiding some of the top-tier lumpiness that game makers can pursue. Revenue rose 48% year-on-year in the 2nd quarter, the 11th consecutive quarter of the company's growth of 30% or more. Management has also increased its guidance. He now expects revenues to increase 35-37% for the full year. Unity had 888 customers at the end of Q2, generating over $ 100,000 in annual revenue, up from 716 in the previous year's quarter. Unity benefits from widespread gaming participation across the industry. Developers subscribe to the company's industry-leading game engine to create video games on all major platforms: mobile, PC and consoles. Subscription revenue is represented in the “solution creation” segment, which grew 31% year-on-year to $ 72.4 million in the second quarter. Unity competes with Fortnite creator Epic Games and its Unreal Engine. Unity and Unreal Engine are the two most used game development platforms in the industry, but Unity seems to lead the market. Competition in the video game industry will continue to grow, which should mean more growth for Unity. The development of the virtual reality metaverse will open up new channels for game developers to engage players.
NYSE:U
by S0rt0