U
(Unity) broke below the long-term support. Breaking down below $22 would be quite bad for the stock. It desperately needs a bounce for the bulls. There are too many uncertainties with the stock:
- Lack of announcement for a permanent CEO.
- Interest rates
- The impact of Sora and other AI tools.
The company needs to announce a new permanent CEO or appoint Whitehurst as a permanent CEO. There is no reason to keep that uncertainty around for more than two quarters.