My former placing of Wyckoff events didn't take into account, that UWMC never has been through a distribution/markdown phase, thus not having a "PS" event attached to it.
Since it's a new listing, I'm assuming that the accumulation events still are happening - my theory is that we have already seen the spring and test, leaving a much higher PT, with the SOS event happen at +16,5 in July/August.
With housing prices at ATH and new Capital Gains tax, I assume that housing becomes slightly more attractive to invest in, which could support UWMC's further growth.
SItting with both shares and May Call, but will add some August calls tomorrow.
Since it's a new listing, I'm assuming that the accumulation events still are happening - my theory is that we have already seen the spring and test, leaving a much higher PT, with the SOS event happen at +16,5 in July/August.
With housing prices at ATH and new Capital Gains tax, I assume that housing becomes slightly more attractive to invest in, which could support UWMC's further growth.
SItting with both shares and May Call, but will add some August calls tomorrow.
