lauralea

Pull Back Fishing

NYSE:U   Unity Software Inc
181 views
8
Appears 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.
Comment: Negative volume is very high
Comment: Neckline is 106.63 as is long entry level for the inverse H&S pattern with a confirmed uptrend

Comments