LONG UExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
U2ST34 trade ideas
GO BIG OR GO HOMEUnity has finished its wave 2 correction on a larger scale and should start heading for new highs. On break of wave 4 of C I am going long. Will update post on my entry. If that wave 4 high is broken watch Unity FLY!
UNITY - Correctional Finished - Up only as they sayUnity has likely finally finished its last leg down in the form of a fifth wave extension. Likely we turn around from here.
nice entry pointas by me, this is the best stock currently from all of the blue chips. unity is the leader in gaming engines, it's only competitor is epic games with unreal engine which is even not close in the meaning of software interface, possibilities etc.
for me was good entry point even of 144, but now it's even better than my all expectations. it's tesla #2
U - Buying ZoneBroke the 50% FIB, I have been buying at 117, and averaging down.
MACD Cross on the 4h chart, oversold on the daily chart, STOCH cross on the 3 days chart. Just a question of days before we see this flying again. Very low volume.
company with a great future... time for a breakout?neat MSR setting up on the daily, it would be a shame to ignore it... but I'm not going to be surprised if it trades back down to the $100 area, where we have a nice shaved-bottom that should act as good support
LARGE CAP - SOFTWARE - TECHNICAL - SOLID GAINER - Unity Tech $U U has been a very solid performer in my portfolio, and I think now is a great entry point!
Today Cathie Wood added 195k shares for ARKK. Her buy is a great alert as any. She owns about 5M~ shares across her ETFs.
FA:
- One of the 2 kings of animation software. Until Epic Games (Unreal Engine) goes public, U is basically a tech monopoly.
- ER in 83 days
TA:
- Nice support level, at 0.5 Fib
- Bottom of Bollinger
- Made morning star reversal candle
- MACD converging, signaling bullish reversal
- RSI oversold, U never stays at these levels for long
- Nice ratio Gartley
- Gap to fill to 150~
Bear scenario:
- Looks like it can possibly go down to 0.382 Fib levels depending on broader market conditions... around 106
Strategy:
- TP1: 150
- TP2: 175
- SL: 86
- RRR: 1.77
- Timeframe: 83 days
- Long term PT: 240+ EOY
The RRR isn't too great, but I post this because this is such a solid hold IMO. My friends and I all love this one. GL and Enjoy!
Unity long entry In a wide supply/reversal zone here. Technically a dip to 113s possible, but unlikely given MACD and RSI curling up. There is also a nice gap up to fill. Most likely moving up from here.
$U 2/21/21Swing on Unity.
Cathie Woods added $U to her portfolio after the dip.
Looking to fill the gap.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORDS.
U, Time To Buy?Hello fellow traders and investors, here's another trade idea.
Unity has recently pulled back to the trendline that acts as a support and previously has recovered to the other trendline that acts as a resistance. If Unity makes a recovery to the upper trendline it offers a little bit over a 25% ROI.
Technicals:
The Macd indicates that Unity is oversold
The EMA's indicate that Unity is still in a downtrend
When To Buy:
When the EMA's crossover
When To Sell:
I would exit the trade whenever the price gets to the upper trendline
NOTE: I don't partake in setups like this one since I uniquely focus on stocks that pullback from a bullish run and Unity has been in a downtrend channel. If this trade setup meets your criteria then add it to your watchlist and follow up with it.
Hope you enjoyed this quick analysis and many more to come.
If you enjoyed please leave a like and follow, Thank you.
Unity Software maybe a buy next weekUnity Software near to break throu MACD, maybe next week.
Support should be stable price now and be prepared to take action, when it will start up again.
ARK Investement ETF already investing heavily in this stock, so upward should be highly possible.
UPDATED💡$U 🎮ARK just doubled its shares💰+30%📖 Unity classes itself as a world leading platform for creating and operating interactive real-time 3D content, mostly in the video game space. Unity grew its revenue 39% year over year in Q4 to $220 million, and free cash flow improved to positive $3.6 million compared to negative $9.7 million for the same period a year ago. The company now has 793 customers spending over $100,000 with Unity over the last year, compared with just 600 in 2019 (Motley Fool). Unity now has no debt and forecasts 23% revenue growth over the next year. Despite this, the earning report mentioned that Apple’s privacy updates - which will prompt Apple device uses if they want to opt out of application tracking activity - would result in a $30 million revenue reduction.
NYSE:U Ark has almost doubled its position size in Unity after the disappointing earnings , taking its ownership of shares from 2.4 million to 4.7 million today - it spent $177 million to achieve this. In addition to this, analysts at Berenberg marinated a buy rating for Unity and raised the price target from $106 to $165 noting that “the mobile gaming opportunity is still nascent and Unity has other markets outside of gaming that will provide incremental growth.” Median price targets see the stock at $1150 and high forecasts see $175.
📈Shares in Unity dropped by 30% from its all time highs in trading on Friday of last week. Despite this, price seems to have bottomed out with a number of failed attempts to break the $124, suggesting the bearish volume may be becoming exhausted. Price is also looks to be supported by a bullish price channel , however this interpretation is subjective. Short term, the price is still bearish , trading in a bearish price channel . With this being said, current price could be an area of bullish confluence - bottoming price action and support of both the bullish and bearish price channels - which could move the price higher (see area highlighted in the blue square). A conservative trade might be a gap fill of the earning dip which would see about 14% upside. A return to the $165 level though would see a +30% move.
🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade. NYSE:U
💡$U 🎮ARK just doubled its shares after -30% on earnings💰+30%📖 Unity classes itself as a world leading platform for creating and operating interactive real-time 3D content, mostly in the video game space. Unity grew its revenue 39% year over year in Q4 to $220 million, and free cash flow improved to positive $3.6 million compared to negative $9.7 million for the same period a year ago. The company now has 793 customers spending over $100,000 with Unity over the last year, compared with just 600 in 2019 (Motley Fool). Unity now has no debt and forecasts 23% revenue growth over the next year. Despite this, the earning report mentioned that Apple’s privacy updates - which will prompt Apple device uses if they want to opt out of application tracking activity - would result in a $30 million revenue reduction.
NYSE:U Ark has almost doubled its position size in Unity after the disappointing earnings, taking its ownership of shares from 2.4 million to 4.7 million today - it spent $177 million to achieve this. In addition to this, analysts at Berenberg marinated a buy rating for Unity and raised the price target from $106 to $165 noting that “the mobile gaming opportunity is still nascent and Unity has other markets outside of gaming that will provide incremental growth.” Median price targets see the stock at $1150 and high forecasts see $175.
📈Shares in Unity dropped by 30% from its all time highs in trading on Friday of last week. Despite this, price seems to have bottomed out with a number of failed attempts to break the $124, suggesting the bearish volume may be becoming exhausted. Price is also looks to be supported by a bullish price channel, however this interpretation is subjective. Short term, the price is still bearish, trading in a bearish price channel. With this being said, current price could be an area of bullish confluence - bottoming price action and support of both the bullish and bearish price channels - which could move the price higher (see area highlighted in the blue square). A conservative trade might be a gap fill of the earning dip which would see about 14% upside. A return to the $165 level though would see a +30% move.
🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade.
Unity, not a good entry point for now but good in the long run NYSE: U
Unity, not a good entry point for now but good in the long run
Update to My $U ideaAs I stated a week ago Unity was a bear flag and despite ARK loading shares I believed it would drop. I updated numbers and lines to show my relative buyzone. This has a large downside potential to hit 110 (I dont think it will), but I started my position today inside the 120 dip.
Potential upside as it begins its second wave is 209 with a PT at the end of April. Would recommend keeping an eye on the EMAs, which currently look pretty bad.
$U Ready to bounce?After a tremendous uptrend right after it's IPO, Unity was sold off after ER, probably consolidating and preparing for a another move up. If the gap above is reclaimed, and if both key fib levels end up working as support, then last week's Friday candle was the golden cross, ready to long $U again. Need stronger confirmation on the bounce, but this could be the end of wave C, ready for wave 1.
U over 133.00This has been beat up from earnings and looks ready to reverse based on the daily hammer candle and close over the 100 daily moving average, just formed due to the recent history of the stock, see the orange line. Interestingly this also looks ready to reclaim the upward channel from October and November of last year. Entry provided over 61.8% fib from all time low to high. U does not have weekly strike options which can make it difficult to play, fortunately this week the closest expiry are 2/19 giving us a chance to play it more cheaply.
U looks ready to go to $139$U looks like it finally found a bottom. needs to break over $127.68 to confirm. over $127.68 and i'm looking to swing this up to $139.. Also has a gap to fill at $147
Swing on Unity SoftwareAfter earnings, there has been quite a drop; and I think it has found a good support (consolidating) around 125 to 130 area - also sitting just above 100ma
If all goes well, it will hold the ascending channel for a chance to fill the gap to $145.
Target: $145
Stop: $115
*ARK recently added back their position on U (positive), while there were selling signals by insiders (negative)
Unity is oversold and cames to hard support areaUnity is still a good stock, after hype it is now oversold much and comes back to good buying area, where a mid-term investment for the next year could be done.
You may start with a small investment now and maybe get a deeper price later this or next month.
Unity is still on of the leading plattforms for gaming (espacially mobile) and virtual reality and AR, which should be a thing in the next 5 years.
A good entryHad a bad earnings but it looks like is has finally stabilized with 123 as strong support. Possible breakout Monday, confirmation if above yellow line.
First target is 139 fib
second target is 147 gap close
3rd target (Long term) see if it can reenter original channel
stop loss at 123
All indicators (RSI, MFI)are saying Oversold
