$U One for the Watchlist

8 giu 2023

Unity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said U has been steadily increasing revenue and finally made a .01 cent profit last quarter (Hey, it’s profit).

I have drawn in a blue line that seems to be an area of resistance since Sept 2022. There is also a green line on the chart which is an 18-month AVWAP. Coincidentally, they seem to be merging right now. That to me is important because “if” price can get and stay over both areas most of the resistance will be gone and it might be free to rise in value. All TBD. The other good news is that it is above the 40-week MA (white and all other shorter-term MAs). And finally, this is a nice long base, the longer the base the higher the move, or so it is said.

I have this on my watchlist with an alert set at 42.50 so that it brings my eyes back to this and I do not need to watch it every day. Ideas, not investing / trading advice.

Thanks for looking. Constructive comments always welcome.