rc9257

$U on the decline

Short
NYSE:U   Unity Software Inc.
$U has been steadily on a decline slope. With a rapid upward trend, a lot of barriers are in its way to stay climbing. Trendsi Indicators on the Daily chart shows bearish momentum, red EMA (middle band), money momentum (white line) has been slightly trading above it. RSI currently at 61.2, indicates slightly over bought. With a big jump also comes with a hard fall. Order block placed around 25.30 range. will be keeping an eye on it and will be getting a short position.

Trade smart, Trade safe, Happy Trading's everyone.

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.