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Under Armour, Inc.
Long

Under Armor changing direction

By Eliarich
Updated
Looks like under armor is ready to move up:

  • 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 reached
Trade closed manually
A bearish divergence is in place, looks like RSI topping around 65%, will prices are reaching new highs.
Chart PatternsTrend Analysis
Eliarich
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