Great setupNYSE:U
Absolutely love this chart. Missed the bottom play on it but still think it has alot of room to move up. Likely double tops for a pullback to trend for some consol.
Will be watching & playing this over the next 4 week.
U trade ideas
Unity - Long Unity should end wave 2 soon between now and .618 fin zone. I would place my stop loss slightly under this and wave 3 PT would be 155 if we find a bounce within the .618 fib zone.
U - trading ideaAnother tech stock where I see a nice entry between 96.03 - 91.34 USD. Targets: 114.22 // 115.53. Then 139.77 gap - 146.59. I´ll play this with some cfd contracts. You can also use options or normal shares. Main target is 91.34 now. Just set an alert if you want to get in;)
Short - back to 75If 97 support breaks, I see further down to 75, and even 65 level. Fasten seat belts, it's going to be fun.
Unity - Dropped hard, Coming Back Strong 💪-Unity was one of the stocks that had the biggest on its stock price during the recent tech recession.
-Now is the time for the come-back! Sit tight and enjoy the rise!
Pull Back FishingAppears to have formed a double bottom and a possible inverse head and shoulders.
Perhaps the bulls do not plan on letting this go much lower
Possible stop under right shoulder.
No recommendation.
Good idea to always look to your left.
IPOs right after their intro can be tough to trade as there is not support below and they can do a free fall on any and every pull back. Later on that important support appears.
U - finished lockup expire selloffU has finished its lockup expire selloff. 5/26 MACD cross up 0. 6/10 20wma cross up 60wma. 6/21 breaks out pivot $105.5.
Next Price Target is $127.5
Unity software - Reverse head and sholder view pointA strong bullish trend has begun on 6/17 with MA 20/60 Golden Cross.
The bearish trend was gone due to the bullish engulfing candles on 6/17.
MA 20/60 Golden Cross occurred and the chart movement is about to test break resistance line with MA 20 /100 Golden Cross.
Trading volume has been steadily supplied to the market. I believe the chart momentum will test the $130 resistance line.
Unity $U formming a "low cheat"I usually have a number of stocks that I like because of the fundamentals, and I just wait for the technicals to do what I like. This time NYSE:U is doing it in a very good way. The price is not yet above its MAs but it has a strong divergence with the MACD and the ADX is below 20 points, all this while formming a "low cheat" which is like a mini "cup & handle" (I learned this reading Mark Minervini).
Normally the "cup & handle" pattern is one of the best reversal patterns, adding this with the other technical signals I think this stock is close to a buy point. Still, for my strategy this setup is high risk. I always wait for confirmation with a second base. IBD has NYSE:U in rank 7 in its industry, and a realtive stength rating of 37; not my usual stock.
The thing adding to my optimism is that breakouts have been working better for the last 2 weeks. I even missed a few stocks because I was being cautious. With this one I would add just half my position size and if it goes my way I'll add my full postion.
Unity LongUINITY (U) is attempting to break out from a bull flag and break up through a several week Downtrend resistance level. The Strong close on today makes it even more appealing.
$U looking nice...Chart looks primed, not my own idea saw it posted and looks like it follows my technical set ups..
6/5 U(1) quite much resistance above
(2) 110 could be the resistance in short-term, but do get some calls/shares for yourself if you bullish
U - Technical Analysis- Broke out of desc triangle (bullish)
- needs to hold over 100 on this current retest. Break above 110 confirms bullish pattern.
- price target is at rectangle, and blue lines are resistance levels and potential future support. Expect buying and selling at those blue lines and retracement to moving averages on the climb up.
- Criminally sold off and gave back most gains in the recent growth sell off
$U Alert set for breaking above 104 (Close Price)Currently, OBV is above MA30, which is what I like.
Yet, Better to wait for breaking above 104 (Close price).
Not recommended to buy or sell U stock.
Just an Idea,
BTO $U 20210521 $110 call for short-term practiseAnother short term call option practice. BTO $U 20210521 $110 call at $3.4.
Reason:
1. narrow BB width
2. price above 10/20 day SMA
Low downside - high upsideIf the price manage to break above the consolidation I see a resistance around 114. If it manage to do this, it will move above EMA50 and EMA100, and gain even more momentum. Afterwards it might run to ATH and the potential upside at 63,50% .
