Hello fellow traders and investors, here's another trade idea.
Unity has recently pulled back to the trendline that acts as a support and previously has recovered to the other trendline that acts as a resistance. If Unity makes a recovery to the upper trendline it offers a little bit over a 25% ROI.
Technicals:
Unity has recently pulled back to the trendline that acts as a support and previously has recovered to the other trendline that acts as a resistance. If Unity makes a recovery to the upper trendline it offers a little bit over a 25% ROI.
Technicals:
- The Macd indicates that Unity is oversold
- The EMA's indicate that Unity is still in a downtrend
When To Buy:
- When the EMA's crossover
When To Sell:
I would exit the trade whenever the price gets to the upper trendline
NOTE: I don't partake in setups like this one since I uniquely focus on stocks that pullback from a bullish run and Unity has been in a downtrend channel. If this trade setup meets your criteria then add it to your watchlist and follow up with it.
Hope you enjoyed this quick analysis and many more to come.
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