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Unityanalysis

Unity dropped 7.7% Q3 earnings, still got chance go bullish? Technical speaking, the price is overall moving in a bullish market after forming a head-shoulder bottom. It is fluctuating between a consolidation box for a short-term pullback. However, it dropped 7.7% after releasing the earnings report, which disappointed many investors. From a fundamental perspective, Unity Software's latest earnings report reveals that the company achieved a revenue of $447 million last quarter, representing an 18% year-over-year decline. Specifically, its game development engine segment, Create Solutions, and game advertising segment, Grow Solutions, experienced declines of 22% and 16%, respectively, indicating a significant setback in its core business. So, will the price continue to go bullish after this pullback? I think it might continue to go bullish if the price could break above the consolidation box later, so we could buy there. If not, we'd better to wait for a better buy timing.
NYSE:U
by xugina78
3
Unity stock has been suppressed at the same position !Unity stock has been suppressed at the same position in the past year! This figure shows the weekly candle chart of Unity stock since its listing and trading. The graph overlays the top to bottom golden section of the highest point in history. As shown in the figure, after the full release of the bearish momentum in May 2022 of Unity stock, it completed its recent bottom in July 2022 and has been suppressed by the 2.000 position of the golden section in the figure until now! In the future, it is likely to hit a new low or achieve a double bottom before accumulating bullish momentum and rebounding upwards!
NYSE:U
by Think_More