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ClearCutTrading
4 de Mar. de 2021 4:23

BUYING $UWMC at the 50% retracement Largo

UWM Holdings CorporationNYSE

Descripción

UWMC popped in sympathy with RKT and then dropped with RKT as well. It is now sitting at the 50% retracement which is a great buying opportunity. Loading up here.

Bullish Thesis:
Insider Director just bought 60,000 shares on 3/1/2021
P/E ratio of around 5 is extremely low compared to the rest of the market
Earnings coming March 22
It pays a 4% annual dividend. Ex div date is soon - 3/9/2021
Will be added to Russell index soon.
The market is currently rotating out of overvalued tech companies into value companies, and this is the epitome of a DEEP value stock

Bought at $10 with a stop loss at $7.00.
Comentarios
Phileohippos
I bought in @ 8.48 I’m satisfied with that entry point.
coreyjblack11
May I ask what the numbers mean next to your post? as in 240 Long, some say 1D or 15, not clear on what those numbers are meant to be.
dtrain13
@coreyjblack11, Those are the timeframe for each candlestick. 240 is 240 minutes (4 hours), 1D is 1 day, 15 is 15 mins, etc.
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