UNI @ 4 OCT 2021Text me if you have any questions/comments for me.
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UNI
- First time doing a written analysis on UNI
- Stock has had a good uptrend since IPO before hitting the psychological resistance (purple dotted line)
- Today’s price action looks like a successful breakout, but the lack of volume is odd
- Usually, a breakout is accompanied with strong trading volume
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry around current levels if believe the breakout will continue
UNI trade ideas
UNI Recent IPO looking to resume pattern Price has pretty much moved straight up in a channel since recent IPO. Looks like a nice rebound back into channel from recent downside breakout. Presents itself with a nice R/R. Room to play in bolly bands and now trading back above EMA.
Entry at 6.03
Stop at 5.80
Target 6.35
For educational purposes only.
Do your own research
