Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
UNITY
Unity stock has been suppressed at the same position !Unity stock has been suppressed at the same position in the past year!
This figure shows the weekly candle chart of Unity stock since its listing and trading. The graph overlays the top to bottom golden section of the highest point in history. As shown in the figure, after the full release of the bearish momentum in May 2022 of Unity stock, it completed its recent bottom in July 2022 and has been suppressed by the 2.000 position of the golden section in the figure until now! In the future, it is likely to hit a new low or achieve a double bottom before accumulating bullish momentum and rebounding upwards!
Long Trade in UUnity is a big player in the metaverse space since the company specializes in real-time 3D content. The company is also deep in AI development which is a space I want as much exposure to as possible.
The stock has had a hard time getting above the $43 level, but the recent surge in volume looks like the fuel it needed to power to new highs.
If you zoom in on a daily chart, you will also notice a cup with handle pattern forming here.
The big clue for me is the volume. Look at the big surge of activity as the stock ramped up the right side. There is a huge appetite for this stock which is unsurprising given the AI theme of the current bull market.
U - Falling Trend Channel [MID -TERM]🔹Broken ceiling of falling trend in the medium long term.
🔹Rectangle formation between support 24.24 and resistance 45.85.
🔹Volume has previously been high at price up and low at price down.
🔹Short term momentum is strongly positive with RSI above 70.
🔹Technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Unity - The Planned Sideways MovesUnity has recently had a significant pullback after finishing a solid 1-5 impulse set. This is purely a technical play, trend lines were hard to find here for this due to the ongoing sideways nature over the past year of this stock. I will be making a separate post in the coming weeks about Unity detailing the structural schematic appearing to be an accumulation setup (Referencing Wyckoff accumulation Schematic).
Technical Notes:
The B Wave's height/pullback expected is not known, just made a base assumption off of the top VWAP resistance.
The micro-wave count for the C wave is highly speculative.
Looking for this to play out over the next few weeks.
$U - Stage analysisNYSE:U Stage analysis shows that #unity is still in stage 1 bottoming process. A long way to go. With Unity AI could be a game changer. Also NASDAQ:AAPL partnership was a huge vote to Unity's tech stack.💥🚀💰
Medium term targets are not changed Targets - $36.22, $45, $58. Downside risk - $24.50 (See the chart I published previously.)
I am long $U.
Demand for XR content about to 10XCreating content for AR and VR use will be in HIGH demand as big tech rush into not only the Meta verse, but all sorts of augmented reality use cases.
In a couple years from now it will be the norm to see people wearing their XR glasses, allowing them to see 3D digital objects everywhere. How do i know?
First off, all smart phones now have Lidar cameras that allow the user to generate AR experiences.
Second, and this one is huge, AR experiences can now run without a native app. That means users don't have to download an app the trigger and view the AR content. The applications are no web based requiring only an internet connection.
Third, AR objects can be linked to markers and even GPS coordinates and placed out in the wild, on top of pictures, on QR codes.
Soon products in stores will have AR advertising that pops up right when you point your camera at the product, since simply a QR code or a specific pictures can trigger it.
All this to say Unity is a primary software for creating 3D AR/VR objects and content.
And demand for this content will drastically increase in the next 5 years.
Love to hear people's feedback. Happy trading everyone!
$U -56% DISCOUNT (52-WK) -86%(ATH)!Unity Software is a good stock to have if you are big on software and gaming! it is currently down -56% from its 52-WK High, and down -86% since Nov '21. I see good buying opportunity in the $30-$35 area (Seems like heavy buying pressure started @$33)! A great buying opportunity is anything below $30!
U - 2nd AttemptUPDATE ON LAST IDEA:
- So the last failed completely, but I did mention it was completely dependent on market strength.
- This green range that's formed on top of the high that made the lowest low is a really really nice area for it to build strength and push out from.
- Below 31.74 out and wait for a better set up
- Nice knife that formed the range but not getting enough sellers to enter the purple bottom range/base.
- Market strong and this has catching up to do
United we stand!Unity Software
Short Term
We look to Buy at 32.33 (stop at 29.76)
Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Dip buying offers good risk/reward.
Our profit targets will be 40.85 and 47.19
Resistance: 41.00 / 46.50 / 78.00
Support: 32.00 / 30.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Unity (U) - Looks like its setting up but all depending- Not much to say about this
- Love this company like Spotify, in that competitors are nowhere near. At least that was the case last time I was on this, when I still got wrecked.
- Pure market play relying on enough people still betting on the downside on the market as a whole.
- This consolidation is nice though but at the same time a lot of resistance above and relying on broad market strength.
- That being said, I see it filling that gap and taking the high on the way. After that you're better off waiting for a consolidation and show of strength to take it higher. Pretty easy above there though.
50% profit on Unity
Check this out, nice and smooth a great signal in tough times.
Reached the bottom right now.
Bought recently by the big boss, with a very small risk of loosing your capital.
No need for other comments.
Damn, I am proud of me XD
Be wise don´t work for money, make money work for you.
$U Unity Trade Idea with Entry, Possible Targets, and StopLoss!Hi Traders,
Here's my Trade Idea for UNITY, after a good V shape reversale, followed by Downtrend Breakout, and not too bad Momentum, I think if it breaks the 105.9 level, it may reach the mentioned targets.
Buy Stop 105.9$
STOPLOSS 91$
Targets:
127$
136$
156$
Nfa, DYOR, and good Luck.
Let me know what do you think in the comments!