clear rejection off resistance area 🧐u recently rejected off local resistance area, next target is local support now (90.70) if it breaks below this area we can target 75.72.
maybe we see a bounce off one of these areas, but many recent IPOs have recently made new all time lows, so be careful.
like and follow for more!💘
U2ST34 trade ideas
$U / Unity Software - Long Term PlayI think the chart is looking very simlar to the previous waves we have seen since the launch of Unity Stock.
RSI and MACD looking fresh for a reversal, while we still have some way to go to catch up to the higher timeframe moving averages, I think we will get there.
With an estimated 170% return on Investment per the two previous cycles of the chart, I think we could possibly see a third wave which matches with the over-head long term Resistance.
$U has delivered an approximate of 30%-40% growth per quarter for the last two years, and the forcasted market share of the company is only estimated to grow.
From 1.1 billion USD in revenuee for 2021, the company is estimating a growth up to 1.5 billion USD revenuee for 2022.
With 50-60% of all Apple Store games being developed on the Unity Platform, and the demand for Unity Software in game making, video producing, engineering solutions, architect solutions and more, I think the exponential growth is yet to come in terms of adoption.
The catalyst for further Unity Adoption is in my opinion the launch of future hardware releases in the VR/AR- Space.
Unity has the solutions for creating AR/VR products ready to go, and as soon as the demand steps through the door. I think we will see expontential growth for this company.
Apple is rumored to launch their AR/VR glasses respectively in 2022/2023, and Im 99% sure that such event will fuel the needs for most product solutions Unity Software has to offer these products.
Im long from 104.
Unity SW (NYSE: $U) Gains Momentum On Strong Revenue Growth! 📈Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide. The company was founded in 2004 and is headquartered in San Francisco, California.
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BIg head and shoulders on unity Earnings soon, i wouldn't touch it considering the vix in the market right now, it seems as if it got rejected on the resistance to breakout of the falling wedge. The long-standing support has already been tested Unity has never broken below and has never tested that line twice in a short period. Earnings are a lottery. I'm tempted to buy Puts for tomorrow only because of the rejection it should go down a bit. In the big picture, we got a huge head and shoulders pattern. It could be interesting to play the next leg up after earnings.
My prediction is 175$ levels for July and then goes to the strong support in green. The perfect scenario for earnings, solid report with no surprises so we good momentum upwards but without any huge jump.
Not investment advice. Could be a good one to play with common stock or OTM long options exp late 2022.
Unity stock is on sale...time to Unite and buy!Hi everyone,
Wow, what a start of the year! Stock market is beaten up badly. But you know what that means for an intelligent investor. Many great opportUNITYies to buy favorite stocks at discounts.
Today we are revising my NYSE:U stock analysis.
The stock is currently down more than 50% from the Nov tops (big ooph).
We have just entered the highest volume zone, established last year.
And we are rapidly approaching the Golden buy zone.
All indicators point at a magical number of 100 .
Just look at the chart!
All stars allign perfectly at a price zone of 100 .
POC, HVN, 2 long-term support lines, all point to 100 .
I bet algos know about that zone too. So there are LOTS of resting buy orders.
Therefore, I will add massively to my NYSE:U holdings at the next open.
Let me know if you like this stock.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
$U 12/16/2021This one is a fun one. Daily and 15min chart review.
On daily you can see classic cup and handle. Price broke out from neckline and pulled back to neckline looking to turn previous resistance into support. Also has respect from 200 ema.
On the 15min, you see the pullback is still "pulling" back as downtrend has yet to be broken. We did get 2 price rejections at support so this might be an indicator that we might be at bottom.
We have support of 200ema on daily, and price rejections on 15min signaling bottom might be in. Even though I would like to see pullback broken before entering, I think there is enough support to enter.
Trade: -
Entry: $140
Exit: stoploss at 126 or a close below 200 ema on daily chart
U AnalysisNotes
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
UNITY - Great Entry Level into the MultiversesUNITY has been on the Radar for a while now and it's time to get in there right on SUPPORT!
Not just any support..The biggest one.
Want a Piece of the Metaverse?
If your goal is to capture as much of the potential upside in this area as possible, Unity Software could be a big winner in 2022.
SERVICES:
Unity Pro
The complete solution for professionals to create and operate real-time 3D experiences. Put the power of an entire ecosystem of tools, support, and community in your team’s hands to achieve better results, faster.
Unity Gaming Services
Wherever you are in your development lifecycle, Unity Gaming Services takes your game to the next level. Bring your vision to life and leverage our tools to run your online game, grow revenue, discover player insights, and more.
Unity is so much more than the world’s best real-time development platform – it’s also a robust ecosystem designed to enable your success.
Unlike Manchester United, this UNITY will make us some money in 2022.
Just my humble opinion / dyor
the FXPROFESSOR
PS. the markets might be entering a period of correction but regardless, I look and decide from what i see on the chart
Be careful on Unityi really like this stock long term, but it's trading at a really pricey multiples. I believe this is a bounce and we see the count down to 13 commence in the next week or so. I'd be looking to add around the 200 day (which will probably be in the low 120's, also there is Fib support at this level). I'm not shorting, this is just the area i would be adding to (if it hits).