Unity Software- ready for the pump?
As you cand se,, the price it is in an accumulation range, a broken trend line with a broken resistance confirmation will add more investors/buyers and after that wee can see some beautiful pumps..for now lets see what the price will do.
Analyzing the options chain and the chart patterns of U Unity Software prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $4.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.
Unity Software's earnings report...
NYSE:U Look at Friday's candle!
Bears thinking they will get paid got destroyed! Bulls thinking it's over and gave up got destroyed! 😂
What's next?
It is up against a resistance, the $27 resistance area. If the price can break out of that descending wedge, it can head to $36. However, $30 to $37 would be a tough point of control resistance area.
Potential...
I like U, and from what i see on the chart, i have an downtrend line broken , and nou the price its in the discount zone but also in a bottom zone, if you want to be a buyer, this is the perfect entry.
I just bought some share at 27.8usd and i will buy every dip betwen 24-28.
Also in 9 November we have earnings from U , so there is another possibility for a...
The chart pattern before the move to the upside on June reminds me of PLTR, but in this case it quickly retraced back to the origin.
Fundamentals are that gamers are mad at Unity for being aggressive with their licensing fees, hurting indie game developer's earnings. Bad PR is sticky in the gaming industry so the perception of the company to the general public...
NYSE:U On Oct 4 post, I mentioned that it has a risk of falling to $26.
It is currently trading at a critical support level. If there is a reversal in the cards this is where it needs to bounce.
The stock falls to all time low of $21.22 back in November 9, 2022 on the day of ER that marked the bottom.
Well guess what? We are in November 2023 and ER is...
Looking here, I think unity is a great opportunity if we get to these levels. I wouldn't pass this chance up, I would at least take a small position.
This is a 786 retrace of bottom to top, and also a shark pattern
Simple technical chart analysis and trading plan :
- accumulate at support zone $25-28 which also fall into oversold lower Midas zone . Cut loss when fall outside this support zone.
- target exit points will be at $40, $42 or upper overbought Midas zone.
*** Create simple and stress free trading plan. ***
Trend seems to be reversing around this demand area. Potential entry points here would be $27, $26, $25 depending on how the price behaves at each level.
Upon reversal I expect the price to hit $30 or $32 where we reconsider our position, again, depending on the price movement.
Unity CEO John Riccitiello is retiring from gaming software company after controversial pricing change. In September, Unity announced a controversial pricing change that upset developers who rely on the company’s technology to create video games.
James Whitehurst, former CEO of Red Hat, will become Unity’s interim CEO.
NYSE:U Unity is interesting again. It is trading inside a descending wedge pattern and currently trading at the bottom trendline.
It can see a bounce from that trendline and head towards $35 area.
There is a risk that it could fall to $26. Going long at $26 would be safer but there is a chance that it might not get there.
Targets:
$33
$35
$44
Risk:
$26
NYSE:U along with AMEX:ARKK and other growth stocks are making us a bit concerned and the recent news with Unity could have legs which may lead to a downside break of 35. We'll see if the price increases lead to a dip. Good luck everyone
Copy & Paste from the Verge:
Unity has changed its pricing model, and game developers are pissed off:
The news was met with fear, anger, and disgust from the game development community. The primary complaint is that these changes would be particularly harmful to solo, indie, marginalized, and mobile developers.
Developers are also concerned these new fees could...
