U2ST34 trade ideas
$U - Unity is interesting againNYSE:U Unity is interesting again. It is trading inside a descending wedge pattern and currently trading at the bottom trendline.
It can see a bounce from that trendline and head towards $35 area.
There is a risk that it could fall to $26. Going long at $26 would be safer but there is a chance that it might not get there.
Targets:
$33
$35
$44
Risk:
$26
$U: Will the angry gamers break 35?NYSE:U along with AMEX:ARKK and other growth stocks are making us a bit concerned and the recent news with Unity could have legs which may lead to a downside break of 35. We'll see if the price increases lead to a dip. Good luck everyone
levels to manage Unity long-term positionCopy & Paste from the Verge:
Unity has changed its pricing model, and game developers are pissed off:
The news was met with fear, anger, and disgust from the game development community. The primary complaint is that these changes would be particularly harmful to solo, indie, marginalized, and mobile developers.
Developers are also concerned these new fees could impact digital preservation efforts as now game makers are seemingly incentivized to delist older games so they aren’t charged for them. There’s also the question of how Unity plans on tracking installs and whether or not such tools run afoul of government privacy laws.
Unity's Controversial Business Decisions: From Stock Price DropsIn a worst-case scenario, John Riccitiello, the CEO of Unity Engine, sold shares at $40. He then made a questionable decision, announcing plans to charge customers for every new installation of their game after a certain threshold. Unity would track these installations of its software, causing the price to drop below the $30 resistance mark, reaching a low of $25. Many developers are now migrating from Unity to Unreal, citing a lack of trust in the CEO and issues with unfinished, buggy products. This could result in lower earnings for Unity by the end of 2023. However, implementing the new contract in 2024, which charges $0.20 per installation and constant new users, may boost Unity's revenue.
UNITY : Livetrade using simple TA and Band of Midas1. Clear all drawings and indicators.
2. A horizontal support line consists of 18Aug23 low and previous breakout level, observe if price reversed at here (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart)
4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed.
5. CONSIDER to go long, nothing 100%
6. Plan your trade, risk reward ratio. GO Long.
In my opinion, this is a news driven panic sell.
im LONG with $1 cut loss risk.
ABC/DShort interest over 8%.
Possible stop below C.
Target is D.
Small flag noted.
This pattern will usually reverse when D is met.
Resistance overhead.
No recommendation
Unity Software Inc.: The Future of Real-Time 3DUnity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences.
Fundamental Analysis
The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also well-positioned to benefit from the growing demand for real-time 3D content.
Technical Analysis
The technical analysis of U stock is mixed. The stock is currently trading below its 20-day and 50-day moving averages, which are bearish signals. However, the stock is also trading near its support level of $37.00, which could provide a buying opportunity.
Overall, the fundamental analysis of U stock is positive, while the technical analysis is mixed. Investors should carefully consider both factors before making a decision about whether to buy or sell the stock.
I hope this post is helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Any feedback is encouraged and appreciated. Thank you and have a nice day!
U - Make or Break ????Is this consolidation??
No recommendation. Just for learning.
Open for suggestions.
Thanks
$U - Sitting on 200DMANYSE:U is currently sitting on 200DMA. MACD is about to do a bullish crossing. Both William R% and RSI are curling up. Its still early but it could be signaling a reversal. 👀
U prev resistance turned to supportU failed to continue the uptrend and been in downtrend for couple weeks , and looks like it found her support at the previous resistance .
classic pattern were resistance turns to support .
U Unity is now recovering from a paradoxicalearnings beat of 189% selloff. On the 4H chart the trend down has reversed
and the ZL MACD is confirmatory. Price has bounced off the lower Bollinger
bands as confirmed by the BB Oscillator. I will take a long trade here targeting
the 0.5 fib level in a retracement of the trend down ( 39.95) with the stop loss
at the pivot low of the Friday morning open. U could easily bounce back up to
its per-earnings trading range in the upcoming week. ( See also PANW)
$U After the last NASDAQ:NVDA earnings call this may be one to watch during the earnings call for $NVDA. Also it is in a nice falling wedge for accumulation. Wonder if it will be a good long here soon.
Bearish setup on UnityWhere I was previously bullish, U is set to be hit very hard due to terrible EPS and financials among the tech sector which was clearly overheated. I believe we have been in a recession for months, and Apple having slowed growth is a key sign that SPY is headed to 430 or lower.
$U Unity Software, Cypher Hey guys, watching this pullback on U$, Cypher can trade imo, always watch 618 level for price action. I would love to see 786 trigger tested with a wick off that level. Any low tf harmonic in highlighted box is worth a try imo, will update when I see something. Price action to look out for and targets are the same on every play, I will update those as well if offered. Goodluck guys :) Please share your thoughts on NYSE:U >
U - Bullish DivergenceU had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16 June.
U has now broken up its neckline for the 3rd time (since 16th June) and once again, experienced another steep pullback (for the past 5 days). The pullback now appears to be stalling at the neckline and a bullish divergence is between its price and RSI is also emerging.
Could this bullish divergence be a clue to its earnings announcement (expected on 2nd Aug)?
However, bear in mind there is always an inherent risk to trade during earnings.
Should the stock be able to stay above its neckline in the coming days, then the odds have increased that it's uptrend could gain more stability (just hopefully though!). Meanwhile, buying the dips is still a safer way to approach this stock.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
Hands of D for Long-Term Bull on $U
Why I went balls to the wall in NYSE:U :
In Computer Science, we learned our first language. Most of us had to learn Java or C++ first. The reason we had to learn Java or C++ was because the language was a far more complicated language. Learning Object Orientated Programing with C++ or Java eventually made us better programs.
I believe this holds with Unity.
My friend's son has been messing around with Unity for six years. He's becoming a computer nerd and loves C languages.
I asked him why he uses Unity over Unreal or other engines...
He said: " Unity is more dynamic, and it gives the developer far more creative control over any other Engines."
In short:
While I was in HS, we learned Adobe Illustrator and Photoshop in art class. To this day, the ability to know AAdobe has paved the road to other software that uses similar formats that Adobe has created.
When my friend's son was in HS, He learned Unity.
In general:
When we learned C, other languages became easier.
When we learned Unity, other game engines because easier.
When we learned Adobe, drawing on the computer became easier.
Technicals: 30m YTD chart:
4 m consolidation up to q2 earnings. A horizontal linear test observes a 36-34 dollar range.
RSI Natural:
Will it bounce to the upside before Q3 earnings toward the 50 range?
Let's find out.
Position:
1600+ shares long
If we shoot past 50, Uncle will buy you a new PC. Thanks, kid!
Disclaimer:
I am not an expert or pretending to be an expert.
This is my opinion, and it is not Financial Advice.
I'm just talking to myself to feel good about my dice roll.
Feel free to read or talk shit.
i.wish Unity pullback to the $30 zoneAs a long investor, a drop to $30 zone is a golden opportunity.
As a short-term trader, I am looking at 35p exp 09.15 to trade its possible short-term pullback.
.618 plus Gann speedline support - Boost or Bust soonRough Target based of Fib Ext....$50, $53, $56, $60, $76, $81, $98, $107. If we can get through the block in the 60's then low 70's is target clear that and 90-100's. With earnings out of the way my bets are we should at least increase to complete the Cup with 60's as the rim. Then puke back down to high 40's then blast to 70's and onward
U Unity Software Options Ahead of EarningsIf you haven`t bought U calls last time:
Then analyzing the options chain and the chart patterns of U Unity Software prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Is Something Brewing at Unity?AI seems to be all the hype these days. Unity announced a closed Beta Program for their AI back in late February of 2023, and just a few weeks ago we got our first look at some of the things we can expect. Unity has almost doubled in price from its ATL's, but I don't think it's done yet. We've got a nice Cup & Handle Pattern forming on the Daily that's beginning to break out. I'd like to see price get above 48$ and stay there as a confirmation for a continuation up.
-Regards,
@DayTradingOil
