UWMC Gartley Pattern?Hi Everyone,
UWMC is a mortgage company which is frequently mentioned on Wall Street Bets.
It appears there is a Gartley Pattern which is currently taking place, which would leave a target of 12.5-13.0 to be reached before any correction.
If it breaks below the C wave this pattern is invalidated,
Good luck!
UWMC trade ideas
Wishful thinking or possible movement towards R2K inclusion?Broken out quite so beautifully - seems pretty bullish atm - price target is based on the distance from bottom to top of the falling wedge.
Will be interesting to see what happens the next weeks, before they get included in Rus 2000.
Expecting resistances at fib-levels, seems like they are respected currently.
$UWMC - New Bag Holders Welcome! To be honest its not looking good right now. The green area is where you can see all the new bag holders from this pump and dump. Right now you're just gonna have to wait out the correction and HODL. On a positive note this company has great financials and will grow over time. It is also undervalued and oversold. On the flip side this stock has alot of short interest. Congratulations on this long term investment. If this is your first time experiencing this, let it be a lesson to you that as fast as the market gives the faster it takes away.
BUYING $UWMC at the 50% retracementUWMC popped in sympathy with RKT and then dropped with RKT as well. It is now sitting at the 50% retracement which is a great buying opportunity. Loading up here.
Bullish Thesis:
Insider Director just bought 60,000 shares on 3/1/2021
P/E ratio of around 5 is extremely low compared to the rest of the market
Earnings coming March 22
It pays a 4% annual dividend. Ex div date is soon - 3/9/2021
Will be added to Russell index soon.
The market is currently rotating out of overvalued tech companies into value companies, and this is the epitome of a DEEP value stock
Bought at $10 with a stop loss at $7.00.
$UWMC Bulls in controlI covered UWMC when it was GHIV. I had lots of hopes for this stock as they have killer financials and a hot recovering sector. UWMC was the first stock I put too much emotion in and ended up being my biggest lost so far. UWMC has been beaten down to $7 since their merger. On the daily chart we see that the bulls are finally in control. MACD crossing up and RSI still oversold, let the squeeze be squoze!
UWMC Long PlayUWMC just came off an insane earnings report for Q4 of 2020. I think this dip back down to the low $10 range is a great opportunity to start accumulating a long position. I am very bullish on this company after seeing the type of numbers that they did in just Q4 for the future. This was the first time they reported as a publicly traded company so now they can have more access to capital if needed and will continue to grow. They also offered a .10 dividend which is amazing for a $10 or less stock. I will personally be adding on dips under $10 as I think this company has some serious long term potential and dividend growth.
* Offering a .10 dividend 4x a year.
*The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021 .
* $1.37 billion 4Q Net Income
* $3.38 billion FY20 Net Income
* 821% and 715% increase over 4Q2019 and FY19