U analysis recently broke its downtrend we created after gapping down in early FEB. now creating its own little uptrend channel. upside until 135 ish on this name, consider taking profits there!
U2ST34 trade ideas
$U Daily ChartLove this chart. Bounced at nice supply zone and closed above 20 ema today. Saw nice call flow in April 120 calls and May 130 calls. 2 gap fills above. First target is 115, then 125, and if you are patient enough, in next few months, this should fill the 147 gap above. Love leaps in this name.
U reach the dip ?!Fundamental:
U has a very good fundamental as ARK Invest keeps collect on the first day of the sharp drop.
I believe ARK will keep collecting the ticker as the fundamental is still there.
The gaming sector will keep growing especially everyone stay at home.
-Stochastic showing oversold which warren buffet once said that it is wise for investors to be
“fearful when others are greedy, and greedy when others are fearful.”
Technical Analysis:
1. head and shoulder: after breaking the neckline they will meet the same portion at the support which is 110
2. Fibo 50 is supporting at 120
3. Divergence of Stochastic is showing higher low
I will make a collection of those 2 entries with convincing for long investment, plan to hold for months
**Disclaimer: Buy at your own risk!
Unity might be a good entry now
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Unity maybe back in the upward channelAfter testing the support and breakout of the channel. Unity is now back in the Channel with new MACD signal for a long position.
I hope that it will test also upper trendchannel in the next weeks and close the gap at 140-146$
$U - Potential Long entry above 114.4$Main support in range colored in blue. (108-100)
Trigger for Long, 114.5
Target 140.85.
Not recommended to buy or sell U stock.
$U Time to long UnityUnity seems to have finished an a-b-c correction wave after earnings and seems to be on course to new highs. I wave 2 has been put in to the T of these fib levels, then we should see 180+ by the end of August/September.
My Unity trade near support areaMy current Unity trade is now near important support areas and near the Stop loss.
I hope this important support area will help to prevent further price moves down.
LONG UExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
GO BIG OR GO HOMEUnity has finished its wave 2 correction on a larger scale and should start heading for new highs. On break of wave 4 of C I am going long. Will update post on my entry. If that wave 4 high is broken watch Unity FLY!
UNITY - Correctional Finished - Up only as they sayUnity has likely finally finished its last leg down in the form of a fifth wave extension. Likely we turn around from here.
nice entry pointas by me, this is the best stock currently from all of the blue chips. unity is the leader in gaming engines, it's only competitor is epic games with unreal engine which is even not close in the meaning of software interface, possibilities etc.
for me was good entry point even of 144, but now it's even better than my all expectations. it's tesla #2
U - Buying ZoneBroke the 50% FIB, I have been buying at 117, and averaging down.
MACD Cross on the 4h chart, oversold on the daily chart, STOCH cross on the 3 days chart. Just a question of days before we see this flying again. Very low volume.
company with a great future... time for a breakout?neat MSR setting up on the daily, it would be a shame to ignore it... but I'm not going to be surprised if it trades back down to the $100 area, where we have a nice shaved-bottom that should act as good support
LARGE CAP - SOFTWARE - TECHNICAL - SOLID GAINER - Unity Tech $U U has been a very solid performer in my portfolio, and I think now is a great entry point!
Today Cathie Wood added 195k shares for ARKK. Her buy is a great alert as any. She owns about 5M~ shares across her ETFs.
FA:
- One of the 2 kings of animation software. Until Epic Games (Unreal Engine) goes public, U is basically a tech monopoly.
- ER in 83 days
TA:
- Nice support level, at 0.5 Fib
- Bottom of Bollinger
- Made morning star reversal candle
- MACD converging, signaling bullish reversal
- RSI oversold, U never stays at these levels for long
- Nice ratio Gartley
- Gap to fill to 150~
Bear scenario:
- Looks like it can possibly go down to 0.382 Fib levels depending on broader market conditions... around 106
Strategy:
- TP1: 150
- TP2: 175
- SL: 86
- RRR: 1.77
- Timeframe: 83 days
- Long term PT: 240+ EOY
The RRR isn't too great, but I post this because this is such a solid hold IMO. My friends and I all love this one. GL and Enjoy!
