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U2ST34 trade ideas

Stage 2 Breakout Buy in UUnity is a gaming company that fits perfectly into the AI theme we are seeing lead this market. I have marked up a weekly chart of the stock to show how it has progressed through the 4 stages of the stock cycle. After chopping around the $20-$40 range for the better part of a year, U is trying to break out into a new Stage 2 uptrend. Price action has tightened and the moving averages are now supporting the stock near its 52-week highs. Also note the heavy buying volume that has come into the stock over the last several weeks. This is something we often see before a stock begins a quick move higher and is indicative of institutions absorbing supply and building a line in the stock. The stock popped higher on Thursday morning before pulling back Friday with the rest of the market. Investors should consider buying here with a 10-15% stop loss.
NYSE:ULong
by rossgivens
1
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks, Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks. Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play. I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action. Happy trading! OnePath
NYSE:U
by OnePath
6
Unity stock has been suppressed at the same position !Unity stock has been suppressed at the same position in the past year! This figure shows the weekly candle chart of Unity stock since its listing and trading. The graph overlays the top to bottom golden section of the highest point in history. As shown in the figure, after the full release of the bearish momentum in May 2022 of Unity stock, it completed its recent bottom in July 2022 and has been suppressed by the 2.000 position of the golden section in the figure until now! In the future, it is likely to hit a new low or achieve a double bottom before accumulating bullish momentum and rebounding upwards!
NYSE:U
by Think_More
Long Trade in UUnity is a big player in the metaverse space since the company specializes in real-time 3D content. The company is also deep in AI development which is a space I want as much exposure to as possible. The stock has had a hard time getting above the $43 level, but the recent surge in volume looks like the fuel it needed to power to new highs. If you zoom in on a daily chart, you will also notice a cup with handle pattern forming here. The big clue for me is the volume. Look at the big surge of activity as the stock ramped up the right side. There is a huge appetite for this stock which is unsurprising given the AI theme of the current bull market.
NYSE:ULong
by rossgivens
U - Falling Trend Channel [MID -TERM]🔹Broken ceiling of falling trend in the medium long term. 🔹Rectangle formation between support 24.24 and resistance 45.85. 🔹Volume has previously been high at price up and low at price down. 🔹Short term momentum is strongly positive with RSI above 70. 🔹Technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:ULong
by wavepoint99
Augmented Reality means LONG UnityLet's look at the fundamentals. Augmented Reality provides the ability to impose digital content onto basically anything. This will completely disrupt the marketing industry in signage, print market, product packaging, merchandise, and consumer experiences. The AR industry is set to explode over the next 5 years. ANDD apple just dropped their headset, which is mind blowing. I thought we were 3 years out from this. So it won't be long before people don't want to hold up their phones anymore and they are running around with these things on. SO! Unity is definitely best in industry right now for creating gaming graphics, interactive, animated, 3d digital content. All the top notch stuff that corporations will really want for their AR campaigns. Plus their spread sheets and operations are looking good. Last but not least we have a downtrend breakout. Maybe a bottom retest is in the cards after a summer rally. But the economy has powered through this recession scare so far, even with 18 months of rate hikes not seen for years. And the AI/AR scene is bullish.
NYSE:ULong
by lillybear
The Bottom(s) You Should Be WatchingChikou span up crossing price, generally forecastimg a breakout. However, this move will likely take months to play out due the time frame being on the weekly. Price action has been making higher lows and higher highs since November 2022. TRIX illustrates how deeply oversold this was based on technical indication. Despite the move up in momentum signaled by the TRIX, it still hasn't broken above the zero line, since the initial sell off began. Guy n' Girls be on Tinder, Bumble, and Hinge, but y'all watching the wrong bottoms. 🍑 👀 As always, DYOR. This is not a signal. This in simply an analysis of price action and a forecast.
NYSE:U
by SpektreSignal
Unity - The Planned Sideways MovesUnity has recently had a significant pullback after finishing a solid 1-5 impulse set. This is purely a technical play, trend lines were hard to find here for this due to the ongoing sideways nature over the past year of this stock. I will be making a separate post in the coming weeks about Unity detailing the structural schematic appearing to be an accumulation setup (Referencing Wyckoff accumulation Schematic). Technical Notes: The B Wave's height/pullback expected is not known, just made a base assumption off of the top VWAP resistance. The micro-wave count for the C wave is highly speculative. Looking for this to play out over the next few weeks.
NYSE:U
by ThePennyMan
another pullback maybeafter showing weakness at an old resistance level, unity pulled back on low volume to a buying area, went oversold, formed a hidden bullish divergence, and printed a tight candle. unity seems more likely to break the level this time with the moving averages showing more contraction and the 200 ma losing relevance as resistance. also, the structure down here resembles an aged wyckoff accumulation zone poised to breakout. there's more of a fundamental excuse this time too: the partnership with apple, unity's closure of the ironSource deal, restructuring to improve their earnings reports, the director not being sued for mismanagement (lol), and the generally improving market conditions. the bearish case is that the partnership with apple is overhyped, there has been mass insider selling over the past month, institutional ownership is high, the market is overextended, there's a possible head and shoulders pattern playing out on unity's chart (which means we may be in wave a in elliott wave terms), unity needs to retest the 200 ma break first, and finally, to phrase it expressively: today's bullish divergence is tomorrow's bearish divergence. overall, i favor the bull case more than the bear case, which i may live to regret. i'm in $1,500.00 at $39.79 average cost. target is $55; lot of people ready to sell at that zone. my stop loss isn't set but rather a guide pending developments.
NYSE:ULong
by Slappers
Unity Options Short StranglePrices are caught in this trading range with low volitility, while many tech stocks like NVIDA, TSLA, META, etc are mooning at the moment. This shows that not many traders are interested in this stock, price should continue to move sideways with low volitility so a short strangle here makes sense to collect some free premiums. Premiums are low but a profit is a profit. Expiry is set to the next friday, not too far out to prevent unexpected moves, as the chances of volitility increasing is higher the longer we wait. I did not pick this friday as most premiums this friday are pretty much already near worthless. short put and call are placed at the 2 purple lines
NYSE:U
by zongwei
U - buy the dipsSince last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement and although the stock started to sell off by the next day, it eventually found support at the 38.2% fibonacci retracemnt of it's most recent AB upswing. This forms the near term pviot which is a good place to place an initial stop (at least 50cts below) for those initiating a long trade now. While the 42-43 might still pose some headwinds in the near term, I suspect that the next retracement from there will be "shallow" and not going to bring it right back to the range low at 24+ (as had happened several times in the last 7 months. This is because dynamics of the overall market sentiment has been changing to more bullish now. However, a trailing stop will help if this speculation is wrong. p/s with FOMC round the corner, the market could sell off after, and if it does, it could provide a much needed breather before trend resumption. Hence I would view any near term pullback as opportunity to long stocks that are looking technically attractive. 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 important! Take care and Good Luck!
NYSE:ULong
by Juliac
$U One for the WatchlistUnity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said NYSE:U has been steadily increasing revenue and finally made a .01 cent profit last quarter (Hey, it’s profit). I have drawn in a blue line that seems to be an area of resistance since Sept 2022. There is also a green line on the chart which is an 18-month AVWAP. Coincidentally, they seem to be merging right now. That to me is important because “if” price can get and stay over both areas most of the resistance will be gone and it might be free to rise in value. All TBD. The other good news is that it is above the 40-week MA (white and all other shorter-term MAs). And finally, this is a nice long base, the longer the base the higher the move, or so it is said. I have this on my watchlist with an alert set at 42.50 so that it brings my eyes back to this and I do not need to watch it every day. Ideas, not investing / trading advice. Thanks for looking. Constructive comments always welcome.
NYSE:U
by jaxdog