Underarmour
UAA Ascending Triangle?Hi All - studying the UAA 30 minute chart and it looks like an ascending triangle has been forming.
Given the fact we are in the 6th week of the 9 week (from triangle beginning to apex) ascending triangle pattern we would need to see UAA break through the resistance at around the $12 mark with some nice volume to complete the pattern.
Hate it or love it let me know your thoughts!
UA - LongUA has been severely lagging behind other apparel brands in making price recoveries.
It has just broke out of 23.6% fib, and about to backtest support. I'll be entering a position once it successfully bounces off of 23.6% fib.
Under Armour UNDER performing- Under Armour has fallen 3.3% in premarket trading because it's reported worse than expected quarter losses. Net losses totalled $559.7 million
- It's laid off workers and borrowed new money to try and sure up its balance sheet and lower its expense base.
- Overall its been under performing the S&P 500 and we are sitting at 2011 stock prices. From a trend perspective its been trending down in the pitchfork. Short positions can possibly be initiated at the Median line or the Supply Zone above.
UNDER ARMOUR INC. (UA) Daily ChartDates in the future with the highest probability for price direction reversals
UAA DOUBLE BOTTOMWAITING FOR NECKLINE TO BE BROKEN OUT BY MARUBOZU, THEN THE REVERSAL IS UNSTOPPABLE
UA before EarningsUA likely to correct to 15 or lower post-ER.
– major formation bust since August last year, stock was not able to recover
– MACD bearish
– MAs super bearish (turned off in this chart)
– stock is now below 'Century VWAP' pre-ER (bearish)
– RSI super bearish
This post will be updated continuously when mentionable changes can be observed.
WEEKLY + ADX:
Under Armour inverse H&S at end of wave 2Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume.
This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the downside.
Overall the stock seems to be bullish, earnings will be reported on February 11th. Major hedge funds target the stock below $30.
Good Luck!
Under Armour Predicted to jump - Buy Opportunity Im predicting that UA will jump and test resistant. Similar to Aug 28th same crossing and pattern is what im thinking.
Limit order at 15.90
Sell limit order at 19.00
Stop loss at 15.75
Just my opinion , let me know what yall think
sold puts on Under Armour premium more than doubled SOLD 10 PUTS AT 0,75 $ STRIKE 21 MATURITY 09/08
VOLATILITY ROCKETED AFTER EARNINGS BECAUSE THEY MISSED US targets but the overall results are beating estimates and the story is still very good
Happy to get the stock And sell calls
don't think the stock will collapse below 20 $ , no reason for it
Under Armour: Great brand, huge long term bullish trend...I think $UA is acting very strong here, it managed to shake me out of a long position at break even 2 months ago, but after July's surge, a long term Time@Mode trend signal kicked in. Upside in the stock is tremendous, adventurous traders could follow this monthly trend going long around here, or lower, with a rather tight stop @ 20.23. A larger wiggle room would be better for more conservative traders (and thus smaller size, with up to 2% risk if stopped out), setting stops under 18.92.
The trend will remain valid for the next 12 months, after which it might start a large scale consolidation or correction. There's a chance it builds a new trend signal over time and just move higher and higher for a long time (think $AMZN, as pointed out by @timwest in the Key Hidden Levels chatroom today...buying it at $10 a share, when it was cash flow positive ended up being an insanely good long term investment...).
Best of luck if buying into it here, whatever your risk profile is.
Cheers,
Ivan Labrie.
UA Inverse Head & Shoulders Breaking out Now!See chart. Note: PRICE MUST BREAK RESISTANCE AT $17.47, IF IT DOES NOT the stock may consolidate in that small range or fall.
If a breakout is confirmed, at the very least I would expect UA to fill the gap between $21.4 and $24.97.
UA Wedge BreakoutI've been following Under Armour for a while now. I don't like this stock long, but on a swing trade this might be a good play here based off how the stock breaks out of this wedge pattern. If it break above $14.50, I'd keep it with a target of about $16.20. Obviously, if the stock breaks out to the downside, I'd stay away.
UA holding solid above .236 LONG term fib level.I like UA as a product, obviously some poor quarterly reports have pushed it WAY down. Good news is we've now had daily closes above .236 on LONNNNNG term fibs and on daily we're seeing upwards momentum. I love the product and I think most people agree the brand isn't going away any time soon!
If it has a daily open and close under $13, I'd close it. That said solid risk vs reward return.
..... Also, I'll be honest. This is primarily so my account doesn't say crypto 100% hahaha. That said, invest in crypto it moves quicker. Who wants to look at a weekly chart ffs ....
UNDER ARMOUR - BIG BULLISH POTENTIALBeautiful 4 month long bottom formed. Looking for a retracement-type of move into 20$ /19.50$ for a long entry targeting 24$ / 25$.
Stop should be below 18$. Nice risk:reward.
Blessings to you all.
UA - Under Armour, potential return to the centerline.As you see, it looks like the price to the downside is perfectly stretched.
The A/R Set meets perfect with the down sloping centerline.
Guess what trade I do? ;-)
Pè
