Ever since UA had a 2/1 split early April, prices have been gradually dropping and it seems as though a a halt has initiated a reversal preventing us from touching ur Jan. 2016 lows of ~$31, and I believe that was the end of our Wave 4 ABC correction. Looking back to 2014-15 we see a healthy wave 3 which can be subdivided into 5 smaller waves. Wave 5 (in wave 3...
NYSE:UA I believe that that the sports authority bankruptcy will have an affect on Under Armour's stock price
UA has been in a long term uptrend since the breakout from 2012. Notice the trendline starts after resistance becomes support and tests multiple times confirming the baseline. The long term trend was recently retested around $32. As price is continuing to drop this trendline is possibly going to be retested. A good long setup idea is setting up in this area. ...
Missed this entry by a hair on dip. One could buy on VWAP and descending triangle break.
Make the risk/reward work for you. If we gap up, you can try a breakout trade. I'd prefer a bounce off 5 day and then go.
I am Short UA and I am targeting $68 as my first price target and $50 as my second price target. Ryan
DONT CHASE PRICE BLINDLY...."Frame the trade and make sure you are going with the flow."
Price action confirms your view....manage the risk ....that is the only thing we can control.
Don't chase price blindly...."Frame the trade and make sure you are going with the flow."
Bullish Monthly Hammer on high Volume. Yeah, I think it has its support
4th Pullback since 2008. Secondary indicators show strength. It has broken monthly TL along with $SPY. 200 Wk MA holding. MACD's needs to curl up
Higher Lows while MFI achieves Lower Lows. This is a bullish indicator for the long term.
Indicates underlying strength. Good entry. Typical retracement in an uptrend. Will reverse imo
On the Monthly Chart, I see a Hidden Bearish Divergence on LULU. MFI Lower high shows strong push, but no gains