UAA trade ideas
UAA: Rallies should be capped!Under Armour Inc
Short Term - We look to Sell at 9.16 (stop at 9.59)
The primary trend remains bearish. Bespoke resistance is located at 9.25. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies.
Our profit targets will be 8.06 and 7.50
Resistance: 9.25 / 11.50 / 18.00
Support: 8.00 / 6.00 / 3.00
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$UAA - Mean Reversion/Breakout play for +20% upsideTechnical Analysis (TA)
Price on the weekly bottomed out with some reversal signs on the weekly chart.
Daily is being squeezed and there is potential for a mean reversion/breakout above $9.75 which might shift the moment to a Long with some key levels at $11 and $12.80.
Price Target
Entry $9.75
Target 1: 121.60 (+18%)
Target 2: 14.80 (+50%)
UA | LongNYSE:UA
Possible Scenario: Long
Evidence: Price action, Money-flow, Double Bottom reversal pattern, Oversold dead cat bounce scenario
Entry Point: 17.10$
TP:17.59$
TP2:18.04$
TP3: 18.45$
*This is my idea and could be wrong 100%
*I'll update this post if I open a position based on Entry point; if it doesn't hit it, the Idea is void.
UAA, bullish retest falling wedge. Under Armor, a stock I have been watching closely.
Multi-year falling wedge breakout and retest. Volume is screaming capitulation coming into 07 high of $9.28.
RSI on the macro TF'S are oversold so I am very interested.
Trading at a lower P/E ratio than peers in the sports brand sector.
10 SMA tracking sideways indicates a sideways moving market and we are certainly at the lows of the range ($7.15-$27.5) so slowly nibbling into weakness is the way I'm playing.
Initial targets of the 10 SMA lining up with the eq of the range at $17.30.
I'm not really a big harmonic kinda guy but we have a bullish shark in play, SL-$5.97 TP1-$16.41 TP2- 26.19
Earnings watch 2/11 pre-marketEarnings watch 2/11 pre-market:
UA
CLF
GT
MGA
APO
BYRN
NWL
AB
D
ENB
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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UAA - possible swing trade opportunity I've been looking at Under Armor.
I think that it has been doing great the last few days despite all the fear in the market.
In my opinion this is a great swing trade opportunity.
In fact i have a strategy for both cases, either short or long. But if you put a gun to my head and make me choose, i think it's a bigger chance to go up.
If the support line holds and we have a green candle today, and the FED announcement doesn't impact much probably i will open a long position right before closing.
If the support line doesn't hold i will open a short position 25% of the ATR under it.
UAA longLong going into earnings in a couple of weeks, should head to the same spot pre-earnings
They've actually turned this crap company around and they beat every quarter. If I make money on this trade, i might even drop a few bucks for earnings.
Got hammered along with retail and small caps, expect a bounce next week. Daily got oversold on RSI with positive MFI divergence
Arm your self and aim in front of the target... As the name goes get your Amory and aim in front of the target... The stock market open in under 30 mins from now the price chart of Under Armour Inc present a bullish setup for a fifth wave rally so get ready. The Fibonacci projection present a good target to aim for.
Under Armour (USA: $UAA) Likely Forming Bullish 'W' Pattern!Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold. It also provides various footwear products for running, basketball, cleated sports, slides, training, and outdoor. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital fitness subscriptions, as well as digital advertising through MapMyFitness platform. It primarily offers its products under the HEATGEAR, COLDGEAR, RUSH or RECOVER, UA HOVR, UA Logo, UNDER ARMOUR, UA, ARMOUR, PROTECT THIS HOUSE, I WILL, ARMOUR BRA, and ARMOUR FLEECE brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 439 brand and factory house stores, as well as through e-commerce websites. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.
Long in UAI find UA looking really good at this point with an strong support of 19dollar back to before corona. Its in the bottom off bolingerbands and the rsi 2days is low. I think this is a really good spot for an longer position in this company, works even for shorter swing to offcourse.
Long time pricetargets = PT 1 =25d PT 2= 30d PT 3= 35d
Anyone agree/ disagree, let me know!