UWM Holdings (UWMC) Investment Insight Company Overview:
UWM Holdings is a prominent residential mortgage loan originator. With the Federal Reserve approaching the end of its tightening cycle, lower mortgage rates could stimulate refinancing and home purchases, presenting growth opportunities for UWMC.
Key Highlights:
Market Position: UWM's unique model focuses on mortgage brokers, providing them with real-time loan status visibility and better deals.
Order Backlog: The company boasts a $2.8 billion order backlog and recent contract wins, underscoring its strong market position.
Potential Catalyst: Anticipated lower mortgage rates could drive increased mortgage activity, benefiting UWMC's business.
Investment Outlook:
Bullish Outlook: We are bullish on NYSE:UWMC above the $7.25-$7.50 range.
Upside Potential: The stock has an upside target of $11.00-$12.00, reflecting strong growth potential as market conditions become more favorable for residential mortgages.
🏡📊 Consider UWM Holdings for investment opportunities in the mortgage sector! #UWMC #MortgageLoans 💼📈
UWMC
UWM Holdings (USA: $UWMC) Imminent Bounce Opportunity 🟢UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
uwmc w3 setupa lot of people have the right idea of which stocks to buy, but they usually buy them at the most inconvenient times.
when they sell,
that is when i buy
and when they buy,
that is when i sell.
i really have no idea what this stock is, or what it does, nor does it matter to me.
all i know is where it is going to go ~
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wave 3 target = $18
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RTX - A PROXY FOR AIRLINES/AIRLINE INDUSTRY (RYCEY, AAL, BA)Airlines have had quite the run up since the low. Warren Buffet is way past his prime.
BUT WTF IS THIS PRICE ACTION!?
I've done a fair amount of "research" into the numbers here and here's my best attempt to make sense of it.
We all know the COVID correction was the E wave of a triangle. That was obvious. You see it on every major index.
Triangles happen in wave 4's... so now wtf is this "impulse??"
The 3-3-3-3-3 wave structure points towards some type of diagonal for the bullish count.
This sort of chop is going to wash people out if you don't have a game plan.
Here's mine.
It's always critical to pay attention to RSI or some other momentum indicator to spot corrections.
We know RSI rarely exceeds ~70 in corrections and rarely goes lower than ~30 in uptrends. We will use this rule to define most of the PA.
We define the primary channel shown in bold.
and subchannels for each subwave in lighter color.
Annotations shown on chart.
We see waves A and B of 3 clearly.
When you get into the subdivision of C, that's where you have to pay attention to detail.
Two conflicting things are shown.
By EW rules you have another leg up. This also makes sense from the geometry of an expanding diagonal - you want to put in that awkward third wave.
This would align with a channel break which is typical.
However, if you look at the 4 hr RSI, you are already getting a reaction at 70. For this reason, I am not swing trading this last "potential wave up."
I am waiting for a retrace of wave 4... might take a few months.
However, I am still holding my long-term RYCEY as it is possible that stock pops during this last leg up.
You usually see w4 marked by the channel bottom, and w5 must be larger than w3.
For this structure, that would lead to a >50% gain.
Here is my Boeing BA chart as reference which shows a very similar sort of relationship in movement, albeit coiling down triangle rather than impulse.
RYCEY
PLTR - DELAYED ROCKETContrary to what the loudest Karp fanboy is saying, this stock (and other similar ones... QS, SPCE, CCIV) are still correcting. But there's plenty of opportunity to make GAINS.
I show a clear 5 waves down which would be completion of A to the 786 retracement. You broke divergence which is more evidence of a C leg down. Clear EW subdivision shown.
Right here we see an inverse Head and Shoulders pattern forming.
NO - iH&S does not always mean bottoming pattern, it is just something to look for to know how to trade the neckline. In this case, we are anticipating it to serve as the bottom but FYI HS and iHS is never absolutely a bottoming/topping pattern.
We anticipate the nearest high before the head to serve as the neckline. We see that w3 failed to hit the 1.618 extension, so we don't expect w5 to hit the 2.272. However, we notice it failed to hit even the 2.0. For this reason, I wouldn't be surprised if we poked above the neckline for a relative high up near $27. But we don't care. We are not long currently, and not interested in longing with this type of uncertainty and RR.
What we are interested in longing on a retracement which we would expect with the completion of this impulse. Keep note of the inverse HS pattern with defining neckline and slope to to serve as reactionary points. Sometime you get false breakdowns of the iHS because everyone is watching it. I expect something similar, but will continue to monitor/update as subdivision plays out for this small ABC. Target $23 for a retrace to land on top of a pretty critical defining channel line (red). SL at $21.50 marked by critical price level (somewhat critical, somewhat arbitrary... need to define the trade some way to stay diligent).
For this last leg, I really like the $30 target as you have a critical price level. There's also confluence by the 618 extension. However, typically we see ABC's play out to the 1-1.272, so that target is also listed near $33. It's going to take a lot of momentum to get up there. Targeting $30 gives a 4:1 RR which is favorable. Playing this with normal shares because why would you need more than a 25% gain capped at ~6% loss?
UWMC Small Accumulation In Wedge, Looking At Option StraddleLooking at the picture I see a small Accumulation to the upside. Even If I am wrong and we see a dip from the wedge I will be playing straddle options tomorrow on the weekly's depending on how premarket movement goes. Straddle at current price right now, if underlying hits $10.50 that would be close to 100% profits.
TLRY :/wimpy play here, but pointing out the obvious compression after the exponential run up.
We tagged the long term trendline and are bouncing in a corrective ABC structure.
2 potential target zones identified depending on the size of this bounce.
Using other SPACs, Us major indices, and DXY as a proxy for this play, I actually favor the higher targets near $19.
Ultimately I think this compression breaks down, either using the top of the gap or filling the gap as a bounce zone at $10 before continuing higher.
More often than not you actually break out of triangle compression, but sometimes you pierce through the bottom, as I am anticipating
UWMC weekly looking to break some resistance UWMC weekly right now hitting the middle band around the $8.60 range
When we advance passed that we should move to about the $10.20 range before more resistance is hit with the upper wicks on previous candles. After that it could go back to all time highs. Let’s see how this one plays out in the coming days and weeks.
UWMC Gartley Pattern?Hi Everyone,
UWMC is a mortgage company which is frequently mentioned on Wall Street Bets.
It appears there is a Gartley Pattern which is currently taking place, which would leave a target of 12.5-13.0 to be reached before any correction.
If it breaks below the C wave this pattern is invalidated,
Good luck!
Wishful thinking or possible movement towards R2K inclusion?Broken out quite so beautifully - seems pretty bullish atm - price target is based on the distance from bottom to top of the falling wedge.
Will be interesting to see what happens the next weeks, before they get included in Rus 2000.
Expecting resistances at fib-levels, seems like they are respected currently.
UWMC - Beat Down Buying Op - Earnings FEB 3 After MarketNYSE:UWMC
ENTRY = 9 - 10.50
1st target .5fib@11.81
2nd Target = .618fib@12.43
HODL Target = 14+
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Good luck, happy trading and stay chill,
2degreez