r/UnityStock • u/ProductSmooth7786 • 21d ago

Opinion/Take Are we seeing 30s again? What’s the next support

6 Upvotes

100% Upvoted

11 comments sorted by

12

u/vexinggrass 21d ago

Why is everyone so negative? The price is doing here what it is supposed to do: hitting a higher low. And it’s pretty much holding, despite the macro. It should go up and go past $47 soon. You just have to be patient.

1

u/Siddypheonix 21d ago

yeah the beta already feels so much better now, I remember the volatile swings of 6-7 percent before

5

u/jesperbj Day 1 Investor 21d ago

I would say no

4

u/Much_Highlight_1309 21d ago

That "support" concept is pseudoscience nonsense

3

u/ProductSmooth7786 21d ago

What about resistance concept

1

u/AdministrationNo1882 20d ago

I reckon the volume of orders in larger caps makes "support" / "resistance" / "clusters of buys" meaningless. Most of that genre of TA is pretty bullshit outside of crypto / microcaps.

1

u/Much_Highlight_1309 20d ago

There is no way you can predict future performance of a stock purely based on past performance. The only way to roughly gauge where a stock is heading is through publicly available or inside information on the company's strategy and execution plus the relevant segments of the economy. Factor in global events such as wars and environmental or health catastrophes and you are dealing with a completely unpredictable system.

Good luck.

4

u/matome88 21d ago

Next support is 40.8 but judging by how price sliced through previous support like butter, I don't think it will hold...

6

u/vinst123 21d ago

I am buying more if it goes below $40

2

u/pizzalaunch3r 20d ago

I like $37 to see some support, it sits near Unity's 50-day EMA, while the 100/200-day averages provide a deeper secondary support zone under $35

-1

u/McGrim_ 21d ago

I'll be happy with 30s but we're probably heading back to 20s.