LARGE CAP - SOFTWARE - TECHNICAL - SOLID GAINER - Unity Tech $U

U has been a very solid performer in my portfolio, and I think now is a great entry point!

Today Cathie Wood added 195k shares for ARKK. Her buy is a great alert as any. She owns about 5M~ shares across her ETFs.

FA:
- One of the 2 kings of animation software. Until Epic Games (Unreal Engine) goes public, U is basically a tech monopoly.
- ER in 83 days

TA:
- Nice support level, at 0.5 Fib
- Bottom of Bollinger
- Made morning star reversal candle
- MACD converging, signaling bullish reversal
- RSI oversold, U never stays at these levels for long
- Nice ratio Gartley
- Gap to fill to 150~

Bear scenario:
- Looks like it can possibly go down to 0.382 Fib levels depending on broader market conditions... around 106

Strategy:
- TP1: 150
- TP2: 175
- SL: 86
- RRR: 1.77
- Timeframe: 83 days
- Long term PT: 240+ EOY

The RRR isn't too great, but I post this because this is such a solid hold IMO. My friends and I all love this one. GL and Enjoy!

Comment:

Consumer Discretionary and Big Tech seems to have set their sights on the next big thing... Augmented Reality and wearable computing. "Smart glass" is a already a thing. FAANG are rushing to develop and release "AR glasses", that project" virtual reality onto real life.

The top 3 AR platforms are ARKit by Apple, ARCore by Google, and Unity AR Foundation.

Yes.. Unity is playing with the big boys.

Long $U!

Comment:

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