U trade ideas
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
U with more upsideU has been moving strong and I think it still has more upside. I'll be grabbing small wins up to the imbalance area, then waiting for a cool-off. After that, more small wins up to the supply zone.
UU is breaking out of a bull flag
a break above 33$ on high volume was the bullish sign
now it is ready for the next move higher
if price breaks above 42$ could go all the way to 58$
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.
Unity poised for another leg up !Unity
we've retested 3 times trying to break current resistance.
in this 2-3 weeks we're about to watch where does it go.
the consolidation on the resistance zone showing promising cycle upwards supported with volume.
Buy
i.Wish for a pullback to trade Unity back to $55"Investors in Apple shares bid the company's stock to all-time highs ahead of ... fails to excite investors but sends shares of Unity soaring."
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
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!
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.
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 ❤️
$U is going higher in the near future.Clear strong up trend forming on the stock.We have near resistance if we clear it.
the road is clear to 50,55 then 66.
My stop will be $36
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.
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.
Unity Pitchfork - BullishThis is what I am seeing for NYSE:U as it looks like it wants to climb up into earnings.
U has two optionsI see 2 bullish ways U could play out (I'm not even going into the bearish on this one). Either we move on up past the previous pivot towards the daily imbalance. Or, we drop further down to the entry zone. Either way, set your alarms right above each zone to catch the move.
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.
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.
