U2ST34 trade ideas
Unity's Squeeze-Price Inflection oscillation tied to EarningsPremise:
Convergence probably occurred before initial jump to ATH (not drawn)
2nd convergence noticeably begins around the time Momentum Squeeze kicks in for the buildup to Q4 earnings report.
Momentum at breakout was BEARISH, despite P/L changing in the positive direction (earnings much closer to estimate than in Q3)
If this performance holds up, Unity's stock should be competitive against established entities (see background: 700 and ATVI) in the gaming market which looks poised to resume an upward trend.
One Possible Scenario:
The last 2 weeks in March are showing the beginning of a 3rd convergence; will keep updating to see if this pattern holds up.
A new Squeeze indicator along with past experience suggests it will, crucially timed to the earnings release on May 6th.
The sine wave shown here in purple is not meant as a trendline projecting the stock's price level at some point in the future but is simply an extrapolation of past inflection points to identify at what point along the new growth curve the stock will be if and when Momentum breaks decisively in the positive direction.
My conclusion is that Unity will probably continue trading in its current range for some time, possibly even taking another downward turn this month as public sentiment on the stock has been increasingly bearish as its clear it isn't poised to rocket back to 150.
That would be the time to buy and hold, if the enthusiasm for Unity among developers is to be taken seriously, or at the very least, place your May-21 calls.
Unity Software AKA U has a great potential and RRThe current price bounced from 0.786 Fib level (Daily) and yet to fill the gap at $148 zone. In my opinion they are a long term buy. also broke the trendline plus double bottom on daily.
chart says it all, they do have earnings announcement in May.
Unity In Butterfly HarmonicsUnity could do Butterfly Harmonics
Bounce bases are base on RSI being over sold.
$U - Unity: Beaten up, but determined to go LONGI like $U. I like the stock. But right now, it's getting beaten up. I'm looking to go long.
U analysis recently broke its downtrend we created after gapping down in early FEB. now creating its own little uptrend channel. upside until 135 ish on this name, consider taking profits there!
$U Daily ChartLove this chart. Bounced at nice supply zone and closed above 20 ema today. Saw nice call flow in April 120 calls and May 130 calls. 2 gap fills above. First target is 115, then 125, and if you are patient enough, in next few months, this should fill the 147 gap above. Love leaps in this name.
U reach the dip ?!Fundamental:
U has a very good fundamental as ARK Invest keeps collect on the first day of the sharp drop.
I believe ARK will keep collecting the ticker as the fundamental is still there.
The gaming sector will keep growing especially everyone stay at home.
-Stochastic showing oversold which warren buffet once said that it is wise for investors to be
“fearful when others are greedy, and greedy when others are fearful.”
Technical Analysis:
1. head and shoulder: after breaking the neckline they will meet the same portion at the support which is 110
2. Fibo 50 is supporting at 120
3. Divergence of Stochastic is showing higher low
I will make a collection of those 2 entries with convincing for long investment, plan to hold for months
**Disclaimer: Buy at your own risk!
Unity might be a good entry now
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Unity maybe back in the upward channelAfter testing the support and breakout of the channel. Unity is now back in the Channel with new MACD signal for a long position.
I hope that it will test also upper trendchannel in the next weeks and close the gap at 140-146$
$U - Potential Long entry above 114.4$Main support in range colored in blue. (108-100)
Trigger for Long, 114.5
Target 140.85.
Not recommended to buy or sell U stock.
$U Time to long UnityUnity seems to have finished an a-b-c correction wave after earnings and seems to be on course to new highs. I wave 2 has been put in to the T of these fib levels, then we should see 180+ by the end of August/September.
My Unity trade near support areaMy current Unity trade is now near important support areas and near the Stop loss.
I hope this important support area will help to prevent further price moves down.
