UNITI +100% - Ring Ring, The Money Is Calling.
Fundamental Analysis: Uniti provides network operators and telecommunication companies with the physical infrastructure/capital to support internet and mobile traffic. Uniti Leasing owns, acquires, constructs and leases shared communications real estate assets including fiber, coax cable, and copper networks to communication service providers. They pretty much own those internet/mobile towers that have a bunch of satellites and stuff on them. As you can imagine, with internet and mobile connections being even more in demand with fewer in-person encounters. This is a stock that should see a boost due to the pandemic. Goldman Sachs is also behind this one.
Technical Analysis: There is support at the $11 level so I am expecting a retest of that area. It also very well can shoot up and fill that huge gap from Feb 2019. It looks to of broke the downtrend from 2016 so there should a lot of buying volume behind this one. I am expecting a 100% gain on this. I like that this retraced to 0.618 which signals it underwent a healthy correction. It's above the 50 MAThe RSI is a little overbought on it but, it could still go higher. Ichimoku Clouds have this in a very strong uptrend still. It may allow for buyers to get in at 11 but I think this is gonna rocket up. Harmonic ABC toooo.
Technical Analysis: There is support at the $11 level so I am expecting a retest of that area. It also very well can shoot up and fill that huge gap from Feb 2019. It looks to of broke the downtrend from 2016 so there should a lot of buying volume behind this one. I am expecting a 100% gain on this. I like that this retraced to 0.618 which signals it underwent a healthy correction. It's above the 50 MAThe RSI is a little overbought on it but, it could still go higher. Ichimoku Clouds have this in a very strong uptrend still. It may allow for buyers to get in at 11 but I think this is gonna rocket up. Harmonic ABC toooo.
