UNDER ARMOUR INC. (UA) Daily ChartDates in the future with the highest probability for price direction reversals
Underamourinc
UA (Under Armour INC) Long poHi everyone!
This is my first idea of trading on USA stock market.
The idea is for a Long position on UA (Under Amour Inc).
WHY?:
1) We have a big gap to close
2) This looks like a copy of chart from end of may 2016, We`re in second wave down to around 29.20, where I want to get in, with Stop Loss around 28.90, but It will depend on day low.
3) We`re oversold on RSI, and Its start go UP, near to support on RSI 37.26
4) MACD (4;9;3) signal line and price line cross my resistance line. Now resistance will become support, and lines will test it in few days.
5) MACD (12;26;9) signal line and price line going to cross my resistance line. As soon as It will happen, We`re about to open our LONG position.
Will write some more info on that idea later.
