U Unity painted a dragonfly Doji with a strong bounce from the Point of Control (POC) + Fib support area. Although the volume was not particularly strong, it could be the start of a reversal.The pending golden cross could provide a boost to the bullish momentum, and the channel breakout above $35 could see further gains in the share price.
There is also a potential Inverse Head and Shoulders pattern that could come into play when the price breaks above $42.
Upside targets:
$36
$39
$42
$57 (long term)
Downside risk:
$30 to $29
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.