$U - Can it reverse?

U Unity painted a dragonfly Doji with a strong bounce from the Point of Control (POC) + Fib support area. Although the volume was not particularly strong, it could be the start of a reversal.

The pending golden cross could provide a boost to the bullish momentum, and the channel breakout above $35 could see further gains in the share price.

There is also a potential Inverse Head and Shoulders pattern that could come into play when the price breaks above $42.

Upside targets:
$36
$39
$42
$57 (long term)

Downside risk:
$30 to $29