UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
UWMC got some love from the meme stockers earlier this year, the but focus has moved elsewhere since. Last week, the bottom, daily demand zone was touched as the price appears to settle in at a baseline.
BULL case: An entry at $6.20, with anticipated return on a bounce to the hourly gap/ supply zone should quickly return 11% to 13%. Barring further breakdown,...
a lot of people have the right idea of which stocks to buy, but they usually buy them at the most inconvenient times.
when they sell,
that is when i buy
and when they buy,
that is when i sell.
i really have no idea what this stock is, or what it does, nor does it matter to me.
all i know is where it is going to go ~
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wave 3 target = $18
💸
Massive short interest plus a surprising lack of volume following Russel Index inclusion disappointed the retail investor sending the price unreasonably low. Support level of 8.48 has been tested and I expect institutional buying to begin at these bargain prices. Volume must pick up to create bullish momentum. This is a well established company with a high...
Looking at the picture I see a small Accumulation to the upside. Even If I am wrong and we see a dip from the wedge I will be playing straddle options tomorrow on the weekly's depending on how premarket movement goes. Straddle at current price right now, if underlying hits $10.50 that would be close to 100% profits.
UWMC 2HR TF
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Analysis
Parabolic move approaching. uwmc is one of top trending names in wsb chat and unusual activity in call flow has been coming in hot past 2 weeks. UWMC over 11 is the breakout level.
Targets: 11.73, 12.38, 15
UWMC weekly right now hitting the middle band around the $8.60 range
When we advance passed that we should move to about the $10.20 range before more resistance is hit with the upper wicks on previous candles. After that it could go back to all time highs. Let’s see how this one plays out in the coming days and weeks.
![UWMC: UWMC[1D]: Fueling for Launch? Ready to Bounce?](https://s3.tradingview.com/3/3ngkavrT_mid.png "UWMC[1D]: Fueling for Launch? Ready to Bounce?")
