unity Long options octGap fill, uptrend
Should fly soon enough to 150 or more, maybe a pullback to the 129$ before the big run
U trade ideas
Unity Software in a bullish channel Unity Software is trading in a bullish channel. It has already completed 3 waves and should retrace to around $115, before it resumes its uptrend to $170-$180.
We are currently trading inside an ending diagonal of a fifth wave, which means we will have to retrace deep. TRIX , which is basically a modified MACD histogram, is flashing bearish divergence.
I have outlined the risk and reward for you on the chart. The yellow box is the end of the 4th wave and our target. Once our target to the down side gets hit, we should see run up to the blue box on top of the chart.
Good luck.
$UChart pattern:
Breakout, retest and breakout again on $130 with great volume, now resting around $135
Entry @ $135
Target $166 then $175
Stop Loss when breaking uptrend or 8/21 ema on daily
UIt is necessary to hold the 0.618 zone and the probability of a b wave goes down to a minimum. And the possibility of a test is hinted at by multiple divergences, in particular on RSI, MFI.
8/31/21 Macquarie Initiates Coverage On Outperform 152.0
8/11/21 Goldman Sachs Initiates Coverage On Buy 135.0
8/11/21 Stifel Maintains Buy 135.0
8/11/21 Piper Sandler Maintains Overweight 152.0
Unity Software Inc. Is a technology company that operates one of the leading platforms for creating and managing interactive 3D content in real time.
Key points
Unity is growing much faster than the video game industry. Unity's subscription-based business model is far less risky than the game-making business.
Its subscription-based business is delivering more consistent growth than the hit-and-miss market.
The investment in Unity is a bet on the continued intense competition in the video game industry, which is a good bet. While the overall revenues of the video game industry have barely changed, Unity's revenues are growing significantly. Plus, since a portion of Unity's revenue comes from subscriptions, it generates much smoother results, avoiding some of the top-tier lumpiness that game makers can pursue. Revenue rose 48% year-on-year in the 2nd quarter, the 11th consecutive quarter of the company's growth of 30% or more. Management has also increased its guidance. He now expects revenues to increase 35-37% for the full year. Unity had 888 customers at the end of Q2, generating over $ 100,000 in annual revenue, up from 716 in the previous year's quarter.
Unity benefits from widespread gaming participation across the industry. Developers subscribe to the company's industry-leading game engine to create video games on all major platforms: mobile, PC and consoles. Subscription revenue is represented in the “solution creation” segment, which grew 31% year-on-year to $ 72.4 million in the second quarter.
Unity competes with Fortnite creator Epic Games and its Unreal Engine. Unity and Unreal Engine are the two most used game development platforms in the industry, but Unity seems to lead the market. Competition in the video game industry will continue to grow, which should mean more growth for Unity. The development of the virtual reality metaverse will open up new channels for game developers to engage players.
Another head & shoulders to look atNYSE:U is probably making the comback. With this head & shoulders I would buy the breakout above $115. Also the price is making a bullish divergence with the MACD but the price is still below the 200 day MA. I think it needs to break that level to actually start a good bull run. I'll be waiting.
$U closes above $129 and goes to fill the gap of 2/21$U closes above $129 and goes to fill the gap of 2/21
Videogaming has a strong future and therefore...Must break above 135 if the bulls want to continue the short term uptrend.
$U is a great long term bet regardless.
Good luck all.
Reactive analysis $ U daily Reactive analysis: possible levels of inflection and interaction around support and resistance with some additional wick study as supply and demand zones
Unity Ready for a Mini to Large Breakout50MA is about to catch the 200MA, and if Unity breaks 130, should be able to confirm uptrend to fill the gap above.
Unity made a higher low last Thursday before regaining momentum upwards.
RSI is holding above 50, still in an uptrend
MACD is positive still
4H chart shows hidden bullish divergence
Boxes strategy. $U stock analysis. My plan.Here is my technical analysis of NYSE:U stock using my boxes strategy.
NYSE:U price has broken out of the box recently on great earnings news.
In 2 days it hit a long-term resistance and reversed down.
Price has bounced off of the box ceiling that has become support now.
I see two scenarious for further stock movement.
Scenario #1.
1. Price breaks the long-term resistence level.
2. It comes back to a strong demand zone (preferrably where box level meets the trend line).
3. Then we move higher.
Scenario #2.
1. Price does not break the long-term resistence level.
2. Stock price goes down and misses the demand zone.
3. We continue to move inside the box.
Remember, action at the demand zone of 115.50 is a crucial point to watch.
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Disclaimer!!!
This is not financial advise.
Unity is ready for a huge runAs you can see it just broke from inverse head and shoulders and retested its breakout. This is the most text book bullish chart. Seeing potential run to 155$ soon
$U Unity software, retest of INV H&S Trading opportunityI quite like the look of this setup. After a nice break out of the neckline of the inverted head & shoulders formation - which was accompanied by some decent volume, we have recently seen a retest and hold of this level which also comes in just above the 200dma. I think once can buy this retest between $115-118 ,using a stop loss as a move below the breakout (or 107 if you want to give it some room). Target of the pattern comes in at approximately $151
U trade - take profits if you wantLast update where i gave my trading idea:
Another tech stock where I see a nice entry between 96.03 - 91.34 USD. Targets: 114.22 // 115.53. Then 139.77 gap - 146.59. I´ll play this with some cfd contracts. You can also use options or normal shares. Main target is 91.34 now. Just set an alert if you want to get in;)
Inverse H&S patternInverse H&S pattern
We've got the breakout with very good volume
###NOT FINANCIAL ADVICE###
U possible multy-day breakoutstrong earnings
long consolidatiot at the strong level
buying volume
Looks like a buy at this point
U - LONG
U shares are currently 108 in the aftermarket
Looks interesting over 111
Above 115.5 I would love to increase.
There is no recommendation in the aforesaid 🙊🍒
Anyone who uses this post is at his own risk ✍️
Possible H&S short term.After an amazing +10 move last week to the upside. $Unity seems a bit exhausted. As you can see Unity formed a possible h&S pattern currently sitting right at the neckline.(correct me if i'm wrong).
We had alot of sell off doing FAANG earnings week, let's see how the market reacts .I see a move down to 104.50 - 103.50 area, if it's not able to hold 106.40 as support. Then a continuation to the upside to 115.
Going to keep this short and simple.
Support 1. 106.60
Support 2. 105.66
Support 3. 103. 50
My overall target for Unity is 115
Good luck to everyone next week!!
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
UnityFunny double h-a-s patterns - one normal and one inverse. I generaly see it on the rise towards earnings.
U , Long Longed U, 103.94 in with stop under lod . Earnings is coming up shortly and I would like to see 2R out of this to sell half prior to earnings and up stop on remainder . A cushion prior to earnings will be important for me to hold through .
