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UWM Holdings Corporation

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UWMC trade ideas

$UWMC - Watch for that supportNYSE:UWMC is currently sitting on the 200 DMA. It looks like it might check back to the trendline. The $7 area should provide decent support as it is the intersection of the Fibonacci, Point of Control (POC), and the trendline. If that support fails, we could see it pull back to the $6.29 to $5.48 area. The RSI has just entered oversold territory, so I would watch the $7 area for a potential bounce. 👀 As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:UWMC
by PaperBozz
3
UWM Holdings (UWMC) Investment Insight Company Overview: UWM Holdings is a prominent residential mortgage loan originator. With the Federal Reserve approaching the end of its tightening cycle, lower mortgage rates could stimulate refinancing and home purchases, presenting growth opportunities for UWMC. Key Highlights: Market Position: UWM's unique model focuses on mortgage brokers, providing them with real-time loan status visibility and better deals. Order Backlog: The company boasts a $2.8 billion order backlog and recent contract wins, underscoring its strong market position. Potential Catalyst: Anticipated lower mortgage rates could drive increased mortgage activity, benefiting UWMC's business. Investment Outlook: Bullish Outlook: We are bullish on NYSE:UWMC above the $7.25-$7.50 range. Upside Potential: The stock has an upside target of $11.00-$12.00, reflecting strong growth potential as market conditions become more favorable for residential mortgages. 🏡📊 Consider UWM Holdings for investment opportunities in the mortgage sector! #UWMC #MortgageLoans 💼📈
NYSE:UWMCLong
by Richtv_official
UWMC[1D]: Fueling for Launch? Ready to Bounce?UWMC got some love from the meme stockers earlier this year, the but focus has moved elsewhere since. Last week, the bottom, daily demand zone was touched as the price appears to settle in at a baseline. BULL case: An entry at $6.20, with anticipated return on a bounce to the hourly gap/ supply zone should quickly return 11% to 13%. Barring further breakdown, resistance would be expected at the 0.236 of the previous bull impulse (approx. $7.37, +18.8%). I would expect a pullback there, even on a bullish move, but if it can hold $7.2x, further up side is likely. BEAR case: A breakdown below $5.77 suggests further down side, and a likely dip all the way below $5, though the shape of the price curve at present suggests this is unlikely. $4.87 would be the next target, based on the Fib. extension. Let's see how this plays out over the next three weeks (+/-1). Will reassess when appropriate.
NYSE:UWMCLong
by doctordrew77
6
$UWMC finally finds a floor and is ready to reboundMassive short interest plus a surprising lack of volume following Russel Index inclusion disappointed the retail investor sending the price unreasonably low. Support level of 8.48 has been tested and I expect institutional buying to begin at these bargain prices. Volume must pick up to create bullish momentum. This is a well established company with a high dividend payout and is Russel indexed the Institutional buyers will drive the rebound.
NYSE:UWMCLong
by BoneLordWuDong
3