U9R trade ideas
💡$UA💻 Breakout of key resistance level or a retreat?💰+17%📚If Under Armour sees a big green candle close above $19.70, price could continue higher to the $23 region. The $19.70 area was tested three times in 2019 and six times over the last few weeks. However, if price fails to break this region, it could retreat and fall to a previous strong NYSE:UA level of support at $15. Having said this, on the daily chart there is clearly an ascending triangle forming, which is a bullish continuation pattern. So in this scenario, I would favour the bull case
Long #UAA into 17.35 on confirmationCurrently trading between a couple past support lines.
Currently riding on a new support after bouncing off the the lighter trend into the top resistance line.
Looking for a break above the diagonal weve been trading down since last week for confirmation.
Id expect resistance once at the 17.35 area, before a squeeze at the second retest.
If we trail below our current trand and out of the older trading zone in orange, i would look to the lighter trend line to hold us up before stopping out below it if we lose support at 15.48
Id be a buyer with support above 13.94 with confirmation that the lowermost support line holds up.
If that happens, id watch 15.48 region as we climb for a squeeze up
somewhere in my stop out region
Under-Amour IncThe Share Price of Under amour its on the buy Zone Area and now what we are expected to see it to see the share price just looking into going to the Projected Price Level .
Take Profit Level @ $24/Per Share
we are not looking for any Sell setups as of now, the only thing that we can domis to only buy the shares of this listed company and thank me later.
Buy now and thank me later.....
$UAA Under Armour Sprints higher Potential long entry with the Fibonacci .618 level as major resistance
Earnings details
Under Armour (NYSE:UAA): Q3 Non-GAAP EPS of $0.26 beats by $0.23; GAAP EPS of $0.09 beats by $0.06.
Revenue of $1.43B (flat Y/Y) beats by $270M.
Gross margin of 47.9% vs. 46% consensus.
FY20 guidance:
Adjusted EPS of -$0.47 to -$0.49 vs. -$0.71.
Revenue is expected to be down at a high-teen percentage rate compared to 2019 results, reflecting a low twenties percentage rate decline in North America and a high-single-digit percentage rate decline within the international business.