The daily chart of Unusual Machines, Inc. (UMAC) reinforces a bullish breakout continuation setup, A Bullish flag within its rising channel .
🧠 Technical Highlights
Initial Surge: The stock launched from consolidation to a high near $24.00 in late 2024, gaining +1,737% during the move.
Consolidation Phase: The price corrected within a bull flag/descending channel structure (highlighted in red), followed by a breakout above channel resistance.
Breakout & Retest: Price broke out above the $7.80 resistance zone, tested it, and bounced — confirming support conversion. Current price: $11.60.
📏 Measured Move & Channel Analysis
Measured Move: Using the height of the initial rally (22.42 points) and projecting from the breakout zone ($7.80), a bullish price target of $143.34 is calculated — a 1,735% upside.
Bullish Regression Channel: A broader green ascending channel suggests the long-term trend structure remains intact and price may climb along the mid- to upper-channel lines.
📌 Key Resistance Levels
Zone Price Notes
Local Resistance $21.50–$23.68 Former high area from late 2024
Psychological Levels $50 / $100 Round-number zones where traders often react
Optimism/Bull Trap Zone $142.99 Target area where parabolic move may exhaust
✅ Validation Checklist
✔ Breakout above flag/channel with increasing volume
✔ Successful retest of breakout zone (~$7.80)
✔ Trend confirmation with higher highs and volume spike
✔ Clear structure supporting measured move thesis
🧭 Strategy Thoughts
Entry Confirmation: Ideal entry occurred around the breakout/retest near $7.80–$9.00
Risk Management: Protective stop could be placed under $7.00 if newly initiated
Profit Zones: Consider scaling out at $23, $50, $100, and holding a moonshot tranche toward $143
Current market cap = 230M .
A surge to estimated levels would bring this stock up to 5B.
🧠 Technical Highlights
Initial Surge: The stock launched from consolidation to a high near $24.00 in late 2024, gaining +1,737% during the move.
Consolidation Phase: The price corrected within a bull flag/descending channel structure (highlighted in red), followed by a breakout above channel resistance.
Breakout & Retest: Price broke out above the $7.80 resistance zone, tested it, and bounced — confirming support conversion. Current price: $11.60.
📏 Measured Move & Channel Analysis
Measured Move: Using the height of the initial rally (22.42 points) and projecting from the breakout zone ($7.80), a bullish price target of $143.34 is calculated — a 1,735% upside.
Bullish Regression Channel: A broader green ascending channel suggests the long-term trend structure remains intact and price may climb along the mid- to upper-channel lines.
📌 Key Resistance Levels
Zone Price Notes
Local Resistance $21.50–$23.68 Former high area from late 2024
Psychological Levels $50 / $100 Round-number zones where traders often react
Optimism/Bull Trap Zone $142.99 Target area where parabolic move may exhaust
✅ Validation Checklist
✔ Breakout above flag/channel with increasing volume
✔ Successful retest of breakout zone (~$7.80)
✔ Trend confirmation with higher highs and volume spike
✔ Clear structure supporting measured move thesis
🧭 Strategy Thoughts
Entry Confirmation: Ideal entry occurred around the breakout/retest near $7.80–$9.00
Risk Management: Protective stop could be placed under $7.00 if newly initiated
Profit Zones: Consider scaling out at $23, $50, $100, and holding a moonshot tranche toward $143
Current market cap = 230M .
A surge to estimated levels would bring this stock up to 5B.
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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.
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.