This software stock is bucking the latest tech rout and breaking out

Unity Software, a provider of game development tools and interactive 3D experiences, saw its stock rebound sharply after a recent earnings release. Shares rose about 15% on Thursday, outperforming a broader market decline of over 4%, signaling renewed investor confidence in the company’s turnaround. Technical analysis of the stock’s daily chart over the past year shows a clear reversal pattern: a double bottom formation, recovery above key moving averages, and a breakout from a bullish flag on increased volume. The next critical level for the stock is $50, which must be cleared and sustained for a few consecutive days. According to the analyst, weekly chart analysis points to defined risk and upside potential, with near‑term resistance at $60 and a longer‑term target near $80. The recommended trade is to initiate a position at current levels, with a backup buying opportunity around $45 and a stop‑loss at $42 if the setup fails. The analyst also notes that the stock’s anchored VWAP from the IPO sits near $36.75, offering significant upside if momentum holds. —Jay Woods with Chase Games

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