Unity 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.
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.