LONG-TERM: Bullish Crab harmonic pattern (almost textbook except X-D is not 1.618), 4hr classic bullish divergence on MACD/RSI. (Not financial advice)
I expect to see consolidation but would not be surprised by a quick bounce back
UWMC just came off an insane earnings report for Q4 of 2020. I think this dip back down to the low $10 range is a great opportunity to start accumulating a long position. I am very bullish on this company after seeing the type of numbers that they did in just Q4 for the future. This was the first time they reported as a publicly traded company so now they can have...
If support is strong we will go back to ATH forming the handle on the wide base cup.
NYSE:UWMC ENTRY = 9 - 10.50 1st target .5fib@11.81 2nd Target = .618fib@12.43 HODL Target = 14+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...
When looking at this, and knowing it's a SPAC. SPACS usually don't stay under 10 dollar per stock so there is a lot of buying at the lower 9 and looking at that we could see the average volume is decreasing and the stock is squeezing. Of course, the stock could move down but kind of unusual. The 10 EMA is very low and has a large jump to fill. Looking for it to...
Targets and stop losses on the chart. Its a massive company, 20% market share, great dividends, positive cashflow. I'm still learning a lot.