After the previous idea the price moved down from $7.70 to $7.57 by extended in this way the right shoulder of the pattern. Yesterday at the end of the cash session the price made a very nice movement and recovered +4.89% that are almost all the previous week losses. For those that are not in this trade yet, the price is ready to break out of the neckline of the...
On the 60 min chart, we can see that the price is forming an "Inverse Head & Shoulders" pattern near a strong support zone. From the other side, we have also the 4-hour analysis that is supporting the reversal of the price higher from where it is actually. Why Is This Stock Undervalued? UWMC reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38...
Double Bottom RSI Divergence Demand Zone Entry 7.75 Stop 7 Target1 11.5 Target2 14 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Still seems like a completed breakout - no momentum to be seen, but this IHS on lower time frame could be the trigger.
The more the price develops the more data we collect. At the lower part we can see a strong support zone and also a descending channel that is formed there. Probably this can be the right moment for moving higher now as everything looks perfect. I updated the percentages for this idea. The first two targets are very good and the third one corresponds with the CD...
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%. From the other side UWM...
$UWMC made a full retest of the support zone up to $7.67 like all the other stocks that moved lower yesterday. Today the price made a nice reaction and recovered 6.5%. The support zone is showing its power. The price is making ABC moves that are corrective waves. So as we can see the next minimum target should be $9.6 for another corrective move. If the price is...
Founded in 1986, UWM is the largest mortgage and purchasing maker in the United States with more than 8,000 dedicated team members.UWM is known for its highly efficient, accurate, and fast lending support. Recently, we have seen UWMC mentioned in one of Reddit's forums called WallStreetBets with some other popular stocks like GME, AG, RKT, AMC, and other top...
There has been a lot of drama lately in the SPAC market ( SPACK ATACK) as most of them have lost significantly. However IMO this could be a long term profitable holding. Here are the good news : We see higher lows and the bottom has been set. Macd has turned bullish on March 2nd and remained there. If Macd will cross above zero, bullish trend is confirmed. We...
Hi Everyone, UWMC is a mortgage company which is frequently mentioned on Wall Street Bets. It appears there is a Gartley Pattern which is currently taking place, which would leave a target of 12.5-13.0 to be reached before any correction. If it breaks below the C wave this pattern is invalidated, Good luck!
Broken out quite so beautifully - seems pretty bullish atm - price target is based on the distance from bottom to top of the falling wedge. Will be interesting to see what happens the next weeks, before they get included in Rus 2000. Expecting resistances at fib-levels, seems like they are respected currently.
To be honest its not looking good right now. The green area is where you can see all the new bag holders from this pump and dump. Right now you're just gonna have to wait out the correction and HODL. On a positive note this company has great financials and will grow over time. It is also undervalued and oversold. On the flip side this stock has alot of short...
On the daily timeframe we see a bearish spinning top on the uptrend which suggest a bearish reversal. I like the stock but we have to follow market sentiment. This will drop lower. See levels of support. Don't get caught holding a bag. Avg down or stay out the fire.
UWMC popped in sympathy with RKT and then dropped with RKT as well. It is now sitting at the 50% retracement which is a great buying opportunity. Loading up here. Bullish Thesis: Insider Director just bought 60,000 shares on 3/1/2021 P/E ratio of around 5 is extremely low compared to the rest of the market Earnings coming March 22 It pays a 4% annual dividend. Ex...
LONG-TERM: Bullish deep crab harmonic pattern, with a double bottom at the PCZ. Also local bullish divergence developing. (not financial advice and the market is currently volatile)