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U Bull Flag Under Big Volume Shelf

U Bull Flag Under Big Volume Shelf

by | Aug 4, 2021 | Chart SetUps

Unity (U) setting up well after breaking a downtrend recently and now back-testing the move with a narrow channel back to VWAP from the prior lows. A move higher targets $111.25 and a big volume shelf that stretches back to late February and gap up to $125. RSI is working back above 50 and MACD is back above zero, neither overbought and plenty of room for a run.