Long

UA is getting ready for take off

Updated

Hi Folks. Notice the accumulation. For long term entrants, watch the stock go beyond $16 for a weekly confirmation. Then wait for a pull back.

Trade active

I have a few positions near the low. I think its a good time to place a few near term hedges on any gains.

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Stop Loss moved up to 16.35 for some positions
Stop Loss moved to 15.80 for other positions

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Took more positions @ 15.77
moved stop loss to below the low.

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Sold the safety puts. Made good money. holding cheap $15 puts.
Took positions@15.77. chart seems to show a harmonic pattern. for now the entry is on the assumption of wave 2 of Elliot wave.

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Likely Harmonic pattern - Bullish Carb

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I'me taking positions with near term hedges to offset any market swings.

resurrector007

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