Unity stock is on sale...time to Unite and buy!Hi everyone,
Wow, what a start of the year! Stock market is beaten up badly. But you know what that means for an intelligent investor. Many great opportUNITYies to buy favorite stocks at discounts.
Today we are revising my NYSE:U stock analysis.
The stock is currently down more than 50% from the Nov tops (big ooph).
We have just entered the highest volume zone, established last year.
And we are rapidly approaching the Golden buy zone.
All indicators point at a magical number of 100 .
Just look at the chart!
All stars allign perfectly at a price zone of 100 .
POC, HVN, 2 long-term support lines, all point to 100 .
I bet algos know about that zone too. So there are LOTS of resting buy orders.
Therefore, I will add massively to my NYSE:U holdings at the next open.
Let me know if you like this stock.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
U trade ideas
$U 12/16/2021This one is a fun one. Daily and 15min chart review.
On daily you can see classic cup and handle. Price broke out from neckline and pulled back to neckline looking to turn previous resistance into support. Also has respect from 200 ema.
On the 15min, you see the pullback is still "pulling" back as downtrend has yet to be broken. We did get 2 price rejections at support so this might be an indicator that we might be at bottom.
We have support of 200ema on daily, and price rejections on 15min signaling bottom might be in. Even though I would like to see pullback broken before entering, I think there is enough support to enter.
Trade: -
Entry: $140
Exit: stoploss at 126 or a close below 200 ema on daily chart
U AnalysisNotes
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
UNITY - Great Entry Level into the MultiversesUNITY has been on the Radar for a while now and it's time to get in there right on SUPPORT!
Not just any support..The biggest one.
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Unlike Manchester United, this UNITY will make us some money in 2022.
Just my humble opinion / dyor
the FXPROFESSOR
PS. the markets might be entering a period of correction but regardless, I look and decide from what i see on the chart
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).
$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- $112
The best-case scenario is price stabilizes here and retakes the broken trendline, and the worst-case scenario is the targets above.
Unity has probably bottomed and ripe to go longSupport line since july 2021 had a fake breakdown it seems. And a healthy bounce since then. Stochastics indicate we have plenty of room for a bullish move soon. Would not be surpised if we see 209$ 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.
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