Earnings soon, i wouldn't touch it considering the vix in the market right now, it seems as if it got rejected on the resistance to breakout of the falling wedge. The long-standing support has already been tested Unity has never broken below and has never tested that line twice in a short period. Earnings are a lottery. I'm tempted to buy Puts for tomorrow only because of the rejection it should go down a bit. In the big picture, we got a huge head and shoulders pattern. It could be interesting to play the next leg up after earnings.
My prediction is 175$ levels for July and then goes to the strong support in green. The perfect scenario for earnings, solid report with no surprises so we good momentum upwards but without any huge jump.
Not investment advice. Could be a good one to play with common stock or OTM long options exp late 2022.
My prediction is 175$ levels for July and then goes to the strong support in green. The perfect scenario for earnings, solid report with no surprises so we good momentum upwards but without any huge jump.
Not investment advice. Could be a good one to play with common stock or OTM long options exp late 2022.