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Coiled Bullish Wedge Setup for 3D Software Platform at Support

by | Jan 29, 2025

Unity Software (U) shares of the 3D content platform are hitting the Ready to run scan as it triggers a bullish MACD cross this week and prices are forming a strong bull reversal candle on the weekly chart, closing back inside monthly value the past two days while Wednesday printed a inside day candle. That now sets up a cleanly defined risk below 22.50 while a breakout above 23.50 likely can surge up to 25 and then 27 a secondary target at the top of recent value area. Unity does not report until later in February but can often be a mover on earnings from some of its peers in the Tech group. Recent large buyers of 6000+ September $25 calls remain holding in open interest.

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