Head and Shoulders/Flags Versus PennantsU has fallen from an ugly top and bear flags/pennants have formed on the way down. Unity fell from a prior head and shoulders and recovered. That was then.
The all time low was recently made which is slightly lower than the IPO price of 65.11. I am often leery of stocks this close to the point of having no support. IPOs can be great until price goes below the low, as new support will need to be formed.
U has reached the target of the last Bear Pennant as demonstrated using the pole and projecting it downward. A pennant usually has both trendlines sloping up and converging and looks similar to a rising wedge. Flags and pennants are known as continuation patterns. They are typically seen right after a large, quick move to the upside or the downside. If the move is slow and ranging in areas, it is probably not a Flag or a Pennant. Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trendlines run parallel. Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Pennants are typically smaller in size and formation.
U has broken the neckline a while back of the H&S pattern. A fall of 100% is marked with a white dashed line but this is just a guesstimate. This pattern can fall less or more than 100%.
Finding the neckline can sometimes be tricky and sometimes they are easy to see. Before a break down through the neckline, there may be evidence of a struggle to stay above the support of the neckline. After price falls through it, if it does as any pattern can fail, the neckline becomes resistance and you may see a resistance struggle at this level. This pattern has a higher failure rate in a bull market.
If U falls below it's most recent low of 64.14, I would consider shorting this.
No recommendation.
It is hard to learn from your mistakes if you do not know what you are doing wrong )o:
U trade ideas
Unity +300% UpwardsHi Traders,
Unity being (one of the) wheels for an upcoming VR&AR revolution, this stock might be trading around 3x to it's current price in few years (maybe next).
An expanding triangle (megaphone) pattern suggests we are at the lower band now which is a good entry for buying opportunity. We might see some pressure at 160-170 which is 61,8 FIB and a DEC 20resistance level. Short opportunity is waiting there.
Good luck.
TONY
$U Unity Trade Idea with Entry, Possible Targets, and StopLoss!Hi Traders,
Here's my Trade Idea for UNITY, after a good V shape reversale, followed by Downtrend Breakout, and not too bad Momentum, I think if it breaks the 105.9 level, it may reach the mentioned targets.
Buy Stop 105.9$
STOPLOSS 91$
Targets:
127$
136$
156$
Nfa, DYOR, and good Luck.
Let me know what do you think in the comments!
Time to play some UnityHello Friends!
It’s been a nice move from the bottom for Unity, congrats to the profit takers. From this point I think there are two ways to play this.
Option#1: Looks like a rising wedge will play out to pull back to $93 support before the next move up to $125.
Option#2: If it moves up to $108 and pulls back to $105, $125 might be in play.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Unity to Move Lower?Unity Software - Short Term - We look to Sell at 101.55 (stop at 109.41)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 103.50. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 74.13 and 67.10
Resistance: 100.00 / 120.00 / 135.00
Support: 90.00 / 70.00 / 50.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Unity: Trend Line Resistance SellUnity Software - Intraday - We look to Sell at 104.06 (stop at 111.92)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. The primary trend remains bearish. Further downside is expected although we prefer to sell into rallies close to the 100.00 level.
Our profit targets will be 78.95 and 68.20
Resistance: 95.00 / 100.00 / 120.00
Support: 85.00 / 80.00 / 70.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
U Unity Software short term price targetUnity Software`s game engine is used to create more than half of the world's mobile, console, and PC games.
They recently bought Weta Digital, which created the special effects for The Lord of the Rings and Game of Thrones.
I see a short term price target of $113 and a buy area if it will be the case when the interest rates will go higher at $90 - $95.
Morgan Stanley has a price target of $185 for Unity Software, U.
Looking forward to read your opinion about it.
clear rejection off resistance area 🧐u recently rejected off local resistance area, next target is local support now (90.70) if it breaks below this area we can target 75.72.
maybe we see a bounce off one of these areas, but many recent IPOs have recently made new all time lows, so be careful.
like and follow for more!💘
$U / Unity Software - Long Term PlayI think the chart is looking very simlar to the previous waves we have seen since the launch of Unity Stock.
RSI and MACD looking fresh for a reversal, while we still have some way to go to catch up to the higher timeframe moving averages, I think we will get there.
With an estimated 170% return on Investment per the two previous cycles of the chart, I think we could possibly see a third wave which matches with the over-head long term Resistance.
$U has delivered an approximate of 30%-40% growth per quarter for the last two years, and the forcasted market share of the company is only estimated to grow.
From 1.1 billion USD in revenuee for 2021, the company is estimating a growth up to 1.5 billion USD revenuee for 2022.
With 50-60% of all Apple Store games being developed on the Unity Platform, and the demand for Unity Software in game making, video producing, engineering solutions, architect solutions and more, I think the exponential growth is yet to come in terms of adoption.
The catalyst for further Unity Adoption is in my opinion the launch of future hardware releases in the VR/AR- Space.
Unity has the solutions for creating AR/VR products ready to go, and as soon as the demand steps through the door. I think we will see expontential growth for this company.
Apple is rumored to launch their AR/VR glasses respectively in 2022/2023, and Im 99% sure that such event will fuel the needs for most product solutions Unity Software has to offer these products.
Im long from 104.
Unity SW (NYSE: $U) Gains Momentum On Strong Revenue Growth! 📈Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide. The company was founded in 2004 and is headquartered in San Francisco, California.
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BIg head and shoulders on unity Earnings soon, i wouldn't touch it considering the vix in the market right now, it seems as if it got rejected on the resistance to breakout of the falling wedge. The long-standing support has already been tested Unity has never broken below and has never tested that line twice in a short period. Earnings are a lottery. I'm tempted to buy Puts for tomorrow only because of the rejection it should go down a bit. In the big picture, we got a huge head and shoulders pattern. It could be interesting to play the next leg up after earnings.
My prediction is 175$ levels for July and then goes to the strong support in green. The perfect scenario for earnings, solid report with no surprises so we good momentum upwards but without any huge jump.
Not investment advice. Could be a good one to play with common stock or OTM long options exp late 2022.