Bullish on UA. Broke past resistance 4wks ago in high volume.
4 wks ago UA broke past resistance in a 22-wk consolidation.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.
I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.
With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not too far from breakout point.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.
I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.
With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not too far from breakout point.
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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.