Looks like under armor is ready to move up:
Target(s): 20.9$, 22.50$
Stop Level: Close below EMA50 (currently 16.88$)
- Down trend line broken
- Prices broke above 200 EMA
- RSI bottoming at 40% (bullish sign)
- Yesterday's close was above resistance level of 18.40$
Target(s): 20.9$, 22.50$
Stop Level: Close below EMA50 (currently 16.88$)
Note
First Target reachedTrade closed manually
A bearish divergence is in place, looks like RSI topping around 65%, will prices are reaching new highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.