U trade ideas
U longMissed my entry earlier this year when it was trading at the bottom of the channel and then missed it again when it broke out of the channel
Originally I was supposed to get in at 99$ after watching its IPO debut
Stock is now taking a breather and consolidating into this ascending triangle pattern in my opinion and I will stalk it for the next breakout
Look to see a 2nd rejection at this resistance and retrace to consolidate a bit longer - in the mean time I plan on selling cash secured puts/put spreads to try and collect premium and try to obtain cheap shares. Otherwise I'm waiting for a new breakout to enter this time
I'm looking to get in on the next move up
Loving the gaming sector, going to con't running hot for at least another year imo
super strong bullish chart btw
Possible Inverse Head & Shoulders for $U will it reverse?The last head and shoulders pattern might take a bit longer to form. Be cautious because it can become a bear trap - squeezing people with short positions pretty aggressively. I've noticed a trend in volume, short squeeze then ascending with a repeat.
U ready for next wave up?U has been healthily consolidating in this range for the last week. Solid support lines now formed, with a local H&S about to finish forming.
Additionally seeing a potential macro cup and handle, which can push the price past previous ath.
Average buying from 88-90 range for a move up to 105 and 120.