Founded in 1986, UWM is the largest mortgage and purchasing maker in the United States with more than 8,000 dedicated team members.UWM is known for its highly efficient, accurate, and fast lending support. Recently, we have seen UWMC mentioned in one of Reddit's forums called WallStreetBets with some other popular stocks like GME, AG, RKT, AMC, and other top names. Over the past week, according to a Businesswire report, they released a new product called "Prime Jumbo", that will make them quite innovative and competitive in the market.
PS: I will do a step by step analyzing process for this stock ... so don't miss this
Short Term Technical Analysis: After the deep pullback that the price made on 05-Mar-2021 up to $7.75, we can see a clear reaction that the market wants to push the price higher. The reason I am saying this is that the price reached $10 on 18-March-2021 and after that, it retested the support area again. The support area is set near $8 and as long as it is holding the price for the 3-rd time it gives more value to the potential upward movement. Buy zone: $8.20 - $8.50
Targets: $9.60 or 18.23% $10.67 or 10.67% $11.52 or 11.52%
I like your ZKIN analysis very much, hopefully this one turns out to be the same. Thank you for sharing!
KlejdiCuni
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@quocdo001,I hope just like you. I have done a lot of research and I think this stock has the potential for the movement I expect and probably higher. We just need a higher volume.Thank you.
harishrao82
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Great spot, i looked at the option chart -- this stock is so bullish!
KlejdiCuni
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@harishrao82, I hope it will move fast as actually, this stock is undervalued. Thank you.