U trade ideas
Be careful on Unityi really like this stock long term, but it's trading at a really pricey multiples. I believe this is a bounce and we see the count down to 13 commence in the next week or so. I'd be looking to add around the 200 day (which will probably be in the low 120's, also there is Fib support at this level). I'm not shorting, this is just the area i would be adding to (if it hits).
Looks like it broke the downtrendtime to buy - could go all the way back to $200
be sure to have a stop
$U Unity Potential OutlookHere we see a 12345 Impulse Wave followed by what looks to be an ABC Corrective wave. If market conditions stabilize and $Unity finds support near the C wave down, this should be the reversal point.
It's important to note that this C wave has two potential targets;
Target 1- $126
Target 2- $112
The best-case scenario is price stabilizes here and retakes the broken trendline, and the worst-case scenario is the targets above.
UPossible metaverse type thingy
Gaming thingy
StoNKs ONlY Go DOWn
Until they go up ofc
Cool uni-vowel ticker
Not trading advice
Ofc
UnityTaking a wild guess here on what Unity does over the next year. Follow along and see how well my crystal ball works!
Unity Chart TrendI have been trading this trend for a long time now and this stock has not broken trend yet. If it stays course we could potentially see a move to ATH if it breaks below then we play the bearish trend.
Unity has probably bottomed and ripe to go longSupport line since july 2021 had a fake breakdown it seems. And a healthy bounce since then. Stochastics indicate we have plenty of room for a bullish move soon. Would not be surpised if we see 209$ before march 2022. If we breake down the long white support line and MA200 its time to sell it. From a fundamental perspective I think Unity has a really good position in the market and ability to capitalize on future megatrends.
$RBLX $AAPL $U $FB I OptionsSwing WatchlistRBLX 15M I RBLX is down near 20% from recent highs. $112 is acting as support. Watching for a breakout from the current downtrend on the 15 minute time frame.
AAPL 15M I AAPL showed strength the past few days as it managed to outperform its sector and QQQ. We are seeing a double bottom so far near the $160 level.
U 1H I Unity has been on a free fall and has shed 30% of its value in days. Expecting a retest of our trend on the 1 hour time frame. There is a slight div on the RSI.
FB 15M I FB has entered a bear market after falling more than 20% from ATH levels. Seems like $300 is a psychological support level that was defended last week.
Unity Software12.3.21 This is a buy zone for Unity Software. I got a little "chatty" at the send when the software stopped: BUT: don't have big stops and be aware that the first reversal higher may be a bare flag.
Another stock to consider in the Metaverse trendIt is pretty high to get in now , considering it has reached the resistance/peak level at 175.48 level.
The current pin bar is a sign of weakness in buying and I expect some correction ahead. If it retrace to the 175.48 level with bullish signals, I may consider nibbling.
11/28/21 UUnity Software Inc. ( NYSE:U )
Sector: Technology Services (Packaged Software)
Current Price: $179.89
Breakout price trigger: $181.00
Buy Zone (Top/Bottom Range): $179.00-$171.50
Price Target: $232.00-$236.50
Estimated Duration to Target: 68-70d
Contract of Interest: $U 2/18/22 200c
Trade price as of publish date: $14.50/contract
Unity getting ready to possibly bounceWe got a pullback to the .5 node, fufilling dow theory. We also have oscillators set up to produce hidden bullish divergence. Weekly does not show impending reversal, but a bounce could be in order.
$U shortbreak below support thats the 1st target, roll up with profits to 2nd target if continues downwards
Major pullback for UnityI'm expecting a major pullback for Unity. This thing is still way overbought and will drop a lot further over the coming months. The Metaverse is the latest fad that hypes certain technology stocks. The technology is great but we are way early on this one. This won't become a reality for a very long time, if at all. This is the 3-D Printing hype all over again. Even Zuck admits it may take several years to get there.
Unity could be looking at a pullback. With the metaverse incoming like puberty for the internet, im definitely looking to establish a position in unity. We might be seeing that time soon. Unity looks like it wants to play out some bearish divervence on the weekly chart. The rsi is pretty overbought along with forming divergrncr with tells me that a reversal could be coming soon.
There are two areas marked in red where support could be tested. So in conclusion, im short term bearish and long term ultrabullish.
U long after pullbackThe Unity Software price was continually increasing and now it is in overbought conditions (RSI>70) and above upper KC line. Therefore we expect a retracement to 50% Fib retracement level, which is also a previous resistance zone, that could act as a support for entering a long position.
Entry price: $175.08
Stop loss: $165.49
Target price: $207.33
no financial advice
Unity Software11.14.21 U Bobby's Homework Assignment . I did not think to project a target....I will try to remember this and post a chart below this video.
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
