Simple trading method for day trading and swing tradingFor day trading chart at 15 minutes and for swing trading at 1hr.
U trade ideas
Cup and HandlePrice is not to EL yet.
3 attempts at the top of the cup have been met with resistance.
Possibly a move to the upside is hinging on earnings report which is 2-22 AMC
No recommendation.
Any pattern can fail.
Chaikin Money Flow (CMF) developed by Marc Chaikin is a volume-weighted average of accumulation and distribution over a specified period. The standard CMF period is 21 days. The principle behind the Chaikin Money Flow is the nearer the closing price is to the high, the more accumulation has taken place. Conversely, the nearer the closing price is to the low, the more distribution has taken place. If the price action consistently closes above the bar's midpoint on increasing volume, the Chaikin Money Flow will be positive. Conversely, if the price action consistently closes below the bar's midpoint on increasing volume, the Chaikin Money Flow will be a negative value.
A CMF value above the zero line is a sign of strength in the market, and a value below the zero line is a sign of weakness in the market.
Utility Software (U) More than just a Bench PlayerInteresting Harmonic setup(s) for Utility Software (U)
One Harmonic pattern is in progress (Bearish Shark) and one that is trying for the final leg of either a Bearish Bat or a Bearish Gartley pattern.
We will watch this for the moment and see if the Bearish Shark hits the $30-32 area.
Then we will reevaluate and if U resumes its upward trajectory to the $54 for the final D leg of the Bearish Bat/Gartley Harmonic Pattern.
A solid breach of the XB trendline should be the key to the final leg on this 4 hour chart.
Stay tuned !
Not Investment advice ... do your own due diligence.
S.
Note... Lots of potential movement tomorrow (Feb. 1) with a potential Fed rate increase ... be nimble and respect overall market trends.
Demand for XR content about to 10XCreating content for AR and VR use will be in HIGH demand as big tech rush into not only the Meta verse, but all sorts of augmented reality use cases.
In a couple years from now it will be the norm to see people wearing their XR glasses, allowing them to see 3D digital objects everywhere. How do i know?
First off, all smart phones now have Lidar cameras that allow the user to generate AR experiences.
Second, and this one is huge, AR experiences can now run without a native app. That means users don't have to download an app the trigger and view the AR content. The applications are no web based requiring only an internet connection.
Third, AR objects can be linked to markers and even GPS coordinates and placed out in the wild, on top of pictures, on QR codes.
Soon products in stores will have AR advertising that pops up right when you point your camera at the product, since simply a QR code or a specific pictures can trigger it.
All this to say Unity is a primary software for creating 3D AR/VR objects and content.
And demand for this content will drastically increase in the next 5 years.
Love to hear people's feedback. Happy trading everyone!
Unity Software Long BiasHi guys hope you doing good.
Unity Software created first Demand on D1 which looks really strong. So we have a clear TP area upto 55$. Though the currect trend of metaverse it is also good to invest for upcoming 10 to 20 years as we are going through the VR/MV fashion.
Good luck
$U on the decline $U has been steadily on a decline slope. With a rapid upward trend, a lot of barriers are in its way to stay climbing. Trendsi Indicators on the Daily chart shows bearish momentum, red EMA (middle band), money momentum (white line) has been slightly trading above it. RSI currently at 61.2, indicates slightly over bought. With a big jump also comes with a hard fall. Order block placed around 25.30 range. will be keeping an eye on it and will be getting a short position.
Trade smart, Trade safe, Happy Trading's everyone.
Unity still in its down channel. Premature bullish excitement.Unity is running like hell the last few days. I believe that this run ends today as the excitement over the single datapoint of the last CPI report is overblown out of proportions. The stock is still in it's down channel and we can see a respected bounce back to the downside today. What do you think?
NYSE:U
U stop loss $0 take profit moving average 100U stop loss $0 take profit moving average 100 I think downtrend is complete
Descending Triangle Price is below the descending triangle and a rectangle.
Short for the longer term.
Earnings today AMC.
Announce Date
11/9/2022 (Post-Market)
EPS Normalized Estimate
-$0.15
EPS GAAP Estimate
-$0.55
Revenue Estimate
$325.84M
EPS Revisions (Last 90 Days)*
Up-0 Down-13
Group 2 Up-2 Down-14
No recommendation
PositivePositive on the stock. MACD has a Positive divergence both in small and large time frames.
2 possible targets 50% then almost 100%
$U good opening w/ volume and stochastic buy signFirst on this 30min chart please note the white arrow marking a bullish %K stochastic sign. When %K moves from below 20 to above 80 in 2-3 candles (using custom period settings), it gives a high probability sign that more upside is coming. Often a pullback happens first, and thus far the opening move has reversed down but on lighter volume. There may be a retest of Friday's lows or a move lower and then a strong move higher.
This reversal after the %K sign offers a low risk entry for call options, and options prices are also cheaper since price has flipped down.
The green lines on RSI and stochastic show bullish divergence with price (red line). The dashed green line is a daily support line that broke to retest lows. I am looking for price to move back over this line within two days. Volume shelf price targets are provided on the right.
BEST BULLISH SET UP OF THE WEEKStumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't
like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart VOLUME VOLUME VOLUME that's what I want to see as a bull. Appears to be some clear-cut textbook accumulation complete with a nice retest. That green doji to end the week is sexy. If it opens red tomorrow or turns red this is the play of the week IMO especially if the rest of the market is holding up. As always not financial advice just some opinions.
U AnalysisPrice is currently mitigating the bullish POI at 41.38. Similar to my last analysis, my expectations has not changed. I'm expecting price to bounce up from here.
Back in the Channel AgainU is back in the horizontal trading channel again.
There is also a Bearish Crab inside that Rectangle which managed to break through the resistance line of the Rectangle.
The Crab ends at the 1.618 or close. It is a reversal pattern as well as an extension pattern as the end of this pattern is above X (bearish) or below X (bullish).
The bullish version looks like a crooked M and the bearish version looks like a crooked W.
Valley 2 is higher than valley 1.
Price has reached T1 of the Bearish Crab pattern which is the hump in the crooked W for this particular crab. This is support until broken. It will be resistance when price falls under it.
A Rectangle is a neutral pattern until the support line is broken.
If it is, then watch out below as there is no support below 29.09.
Some would wait for the lower level (29.09) for ES (entry short).
We are all different and some are more cautious than others.
Also, some folks may want to swing trade inside the Rectangle.
No recommendation.
Possible "short" to lower trendline of Rectangle and I plan re-evaluate when price approaches this level as I am short.
My alert is set.
U AnalysisI expected price to go up and mitigate the bearish POI at 62.56 before going down. However, price went down straight into the bullish POI at 41.38 which was my original target. From here, I'm expecting price to retrace to the upside for a potential uptrend.
Breakout on $U stockUnity has broken out above its recent trading range, and now has large potential upside. I'm targeting roughly a 40% profit to the nearest pivot level.
U AnalysisPrice is overextended on the daily TF. Price has broken the market structure to the upside and grabbed the liquidity at equal highs at 47.12. The target for this up move is potentially the bearish POI at 62.56. From there, I'm expecting a retracement to the downside.
UU looks decent we have a great breakout last week hoping for continue run towards 60-70's.. Manage your own risk and reward.
