Unity Ready for a Mini to Large Breakout50MA is about to catch the 200MA, and if Unity breaks 130, should be able to confirm uptrend to fill the gap above.
Unity made a higher low last Thursday before regaining momentum upwards.
RSI is holding above 50, still in an uptrend
MACD is positive still
4H chart shows hidden bullish divergence
US3 trade ideas
Boxes strategy. $U stock analysis. My plan.Here is my technical analysis of NYSE:U stock using my boxes strategy.
NYSE:U price has broken out of the box recently on great earnings news.
In 2 days it hit a long-term resistance and reversed down.
Price has bounced off of the box ceiling that has become support now.
I see two scenarious for further stock movement.
Scenario #1.
1. Price breaks the long-term resistence level.
2. It comes back to a strong demand zone (preferrably where box level meets the trend line).
3. Then we move higher.
Scenario #2.
1. Price does not break the long-term resistence level.
2. Stock price goes down and misses the demand zone.
3. We continue to move inside the box.
Remember, action at the demand zone of 115.50 is a crucial point to watch.
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Disclaimer!!!
This is not financial advise.
$U Unity software, retest of INV H&S Trading opportunityI quite like the look of this setup. After a nice break out of the neckline of the inverted head & shoulders formation - which was accompanied by some decent volume, we have recently seen a retest and hold of this level which also comes in just above the 200dma. I think once can buy this retest between $115-118 ,using a stop loss as a move below the breakout (or 107 if you want to give it some room). Target of the pattern comes in at approximately $151
U trade - take profits if you wantLast update where i gave my trading idea:
Another tech stock where I see a nice entry between 96.03 - 91.34 USD. Targets: 114.22 // 115.53. Then 139.77 gap - 146.59. I´ll play this with some cfd contracts. You can also use options or normal shares. Main target is 91.34 now. Just set an alert if you want to get in;)
Possible H&S short term.After an amazing +10 move last week to the upside. $Unity seems a bit exhausted. As you can see Unity formed a possible h&S pattern currently sitting right at the neckline.(correct me if i'm wrong).
We had alot of sell off doing FAANG earnings week, let's see how the market reacts .I see a move down to 104.50 - 103.50 area, if it's not able to hold 106.40 as support. Then a continuation to the upside to 115.
Going to keep this short and simple.
Support 1. 106.60
Support 2. 105.66
Support 3. 103. 50
My overall target for Unity is 115
Good luck to everyone next week!!
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
Pull Back FishingAppears to have formed a double bottom and a possible inverse head and shoulders.
Perhaps the bulls do not plan on letting this go much lower
Possible stop under right shoulder.
No recommendation.
Good idea to always look to your left.
IPOs right after their intro can be tough to trade as there is not support below and they can do a free fall on any and every pull back. Later on that important support appears.
Unity software - Reverse head and sholder view pointA strong bullish trend has begun on 6/17 with MA 20/60 Golden Cross.
The bearish trend was gone due to the bullish engulfing candles on 6/17.
MA 20/60 Golden Cross occurred and the chart movement is about to test break resistance line with MA 20 /100 Golden Cross.
Trading volume has been steadily supplied to the market. I believe the chart momentum will test the $130 resistance line.