U trade ideas
Unity, not a good entry point for now but good in the long run NYSE: U
Unity, not a good entry point for now but good in the long run
Update to My $U ideaAs I stated a week ago Unity was a bear flag and despite ARK loading shares I believed it would drop. I updated numbers and lines to show my relative buyzone. This has a large downside potential to hit 110 (I dont think it will), but I started my position today inside the 120 dip.
Potential upside as it begins its second wave is 209 with a PT at the end of April. Would recommend keeping an eye on the EMAs, which currently look pretty bad.
$U Ready to bounce?After a tremendous uptrend right after it's IPO, Unity was sold off after ER, probably consolidating and preparing for a another move up. If the gap above is reclaimed, and if both key fib levels end up working as support, then last week's Friday candle was the golden cross, ready to long $U again. Need stronger confirmation on the bounce, but this could be the end of wave C, ready for wave 1.
U over 133.00This has been beat up from earnings and looks ready to reverse based on the daily hammer candle and close over the 100 daily moving average, just formed due to the recent history of the stock, see the orange line. Interestingly this also looks ready to reclaim the upward channel from October and November of last year. Entry provided over 61.8% fib from all time low to high. U does not have weekly strike options which can make it difficult to play, fortunately this week the closest expiry are 2/19 giving us a chance to play it more cheaply.
U looks ready to go to $139$U looks like it finally found a bottom. needs to break over $127.68 to confirm. over $127.68 and i'm looking to swing this up to $139.. Also has a gap to fill at $147
Swing on Unity SoftwareAfter earnings, there has been quite a drop; and I think it has found a good support (consolidating) around 125 to 130 area - also sitting just above 100ma
If all goes well, it will hold the ascending channel for a chance to fill the gap to $145.
Target: $145
Stop: $115
*ARK recently added back their position on U (positive), while there were selling signals by insiders (negative)
Unity is oversold and cames to hard support areaUnity is still a good stock, after hype it is now oversold much and comes back to good buying area, where a mid-term investment for the next year could be done.
You may start with a small investment now and maybe get a deeper price later this or next month.
Unity is still on of the leading plattforms for gaming (espacially mobile) and virtual reality and AR, which should be a thing in the next 5 years.
A good entryHad a bad earnings but it looks like is has finally stabilized with 123 as strong support. Possible breakout Monday, confirmation if above yellow line.
First target is 139 fib
second target is 147 gap close
3rd target (Long term) see if it can reenter original channel
stop loss at 123
All indicators (RSI, MFI)are saying Oversold
Unity - Trendline No:1 or No:2 🤷♂️🤔-After an interesting week full of good news, Unity settled down around $125 (-15%). Although EPS $(0.10) Beat $(0.14) Estimate, Sales $220.30M Beat $204.23M Estimate and ARK purchased shares of U after drop, it didn't show us a come-back immediately. For a week already it has been testing the deeper deeps with slight drops.
-We came up with two trendlines for you, our followers! Our company believes in the first trendline and we are very bullish on this stock. We bought 4 ITM call options and bought some stocks as well on the very first day of the drop. We see the current price as a good entry point.
-In case if the downtrend continues, the potential support points would be: 99.27, 93.89, 87.10, and 82.15.
$U | Unity: Bullish Falling Wedge $U formed a bullish falling wedge watch for a countertrend move to the upside.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Unity is a Bear flag not BullUnity has been on uptrend from IPO in Sept through Dec. It is our only discernable Wave 1 of 5. Therefore retracement should be assumed to be .618 or aprox 108. The buy zone is when it drops below 120 past the .5 correction.
I saw a post pushing for a bull flag and I just don't see it.
Expect a bearish week and look to start buying equity next week.
UNITY SOFTWARE Inc. Will this be 48% pump?The price is trading at the low of the channel, I am looking at the price action at the lower trend line for the confirmation for the trade. Don't miss this because it can be a 48% pump in price. Like and share this chart with all your friends so they can benefit from this analysis. Thank you.
U LONGShort term swing to 137.
Entry 129
Target 137
Oversold RSI, MACD crossing and vwap picking up...simple technicals.
$U | Unity Software: Potential Bull Flag FormationAfter a large gap down after earnings $U looks ready to bounce at the flag support. Watch for a bounce to the upside to fill the gap.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Good luck!
See my previous $U analysis here:
Unity earnings oopsUnity got owned at earnings. Already down 20pts. If buyers don't step in wouldn't be surprised if it reached $100.
Unity Software - TrendlineHi Everyone!
One of our top picks for up-coming weeks is Unity Software Inc (U) with a surprising 14% drop on Friday. Here we tried to show a trendline for a 6 month period where we clearly can see that Unity followed it for a while, then it been overbought and now it is coming back to its normal flow. We can confidently say that an entry from here would be safe.
