Mausty

Be careful on Unity

Mausty Updated   
NYSE:U   Unity Software Inc.
i 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).
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Friday will be a key day for Unity, if it closes lower than today then it will be red 2 below red 1 (daily) in a countdown. This makes the probability of this original analysis much more likely.
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needs to stay above $140 today.
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This is why the Friday close below 140 was such a big deal.
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worth a shot at a long here imo
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if holds over 140 bottom could be in.
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no closes over 140 = lower

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