I covered UWMC when it was GHIV. I had lots of hopes for this stock as they have killer financials and a hot recovering sector. UWMC was the first stock I put too much emotion in and ended up being my biggest lost so far. UWMC has been beaten down to $7 since their merger. On the daily chart we see that the bulls are finally in control. MACD crossing up and RSI...
Not the cleanest breakout from a falling wedge but a clear breakout from a falling pattern.
$UWMC, 2 minute analysis, i actually like this to be honest, see chart
Great conversations happening here: Reddit r/UWMCShareholders
LONG-TERM: Bullish Crab harmonic pattern (almost textbook except X-D is not 1.618), 4hr classic bullish divergence on MACD/RSI. (Not financial advice)
I expect to see consolidation but would not be surprised by a quick bounce back
UWMC just came off an insane earnings report for Q4 of 2020. I think this dip back down to the low $10 range is a great opportunity to start accumulating a long position. I am very bullish on this company after seeing the type of numbers that they did in just Q4 for the future. This was the first time they reported as a publicly traded company so now they can have...
If support is strong we will go back to ATH forming the handle on the wide base cup.
NYSE:UWMC ENTRY = 9 - 10.50 1st target .5fib@11.81 2nd Target = .618fib@12.43 HODL Target = 14+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...