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.
Hoping this breaks upward into the next channel!
UWMC...nations larget wholesale lender. pays a dividend. just broke to higher high. This is a good one for the long haul !
UWMC chart. This is getting bullish again. Great dividend stock and a buy and hold for $UWMC. I am long on this. Very long!
This thing could rocket shortly
Watch for next Friday when the options will expire. This should go up and the puts will expire worthless. Target price : above $7.50 at least. Lets see if it will hit it.
Monday after trading hours UWMC will report earnings. So far they have very good earnings and are expected to surprise again. However the stock price is at is lowest, way below the IPO price. There are some unusual option activity in the call side as well. Will see how it goes, but this stock needs some love.
I am HEAVY on this stock before earnings. They told everyone they had record days in Q1, which I think will lead to a record quarter. We shall see Monday, after hours.
$UWMC joined the NYSE on January 22, 2021. During that day we can see that the price reached its minimum at $ 10.95 and the maximum at $ 12.35. Even the lowest historical price from the chart shows that it was around $ 9.90. If we make a measurement from the lowest price we will notice the depreciation of the stock with a value of 20.30%. On the other side, $UWMC...
After a long period of time in correction and a slow downward movement, the price reacted on the lower support zone. We can see an increase in the price by +14%. Targets: $8.8 $9.60 $10.67 $11.52 Thank you and Good Luck! Previous analysis:
My former placing of Wyckoff events didn't take into account, that UWMC never has been through a distribution/markdown phase, thus not having a "PS" event attached to it. Since it's a new listing, I'm assuming that the accumulation events still are happening - my theory is that we have already seen the spring and test, leaving a much higher PT, with the SOS...
backtesting today on daily timeframe from breakout yesterday. Looking great so far
Had a breakout yesterday of descending wedge it’s been in for the longest. Such a pretty setup with this and the double bottom.
Looks like it broke from the descending triangle, tested the resistance as support and it’s heading higher. Now it’s at the next resistance which is ~$8.13 If it breaks thru, the next resistance is at ~$8.86 then ~$9.50. If it manages to flip the $9.50 resistance and turn it in support then it has a chance to go to its all time high and beyond
I heard about UWMC a while ago but never bothered with it because I didn't think it was time yet to go for it but here I am now :) 1. MACD shows bullish crossover. 2. Double bottom at 7,1-7,2 level. 3. There is a golden cross recently formed at 30-minute chart. I will wait for further bullish signals because: 1. It hasn't broken out from the downtrend yet....