UAUA is having a nice little run-up. UA is over the MA and looking to head to the next one as a test!
UAA trade ideas
Short PUT on good earningsAfter beat earnings, stock down significantly.
SELL VOLA on FAIR VALUE -> Short 11/03/2022 16PUT provides 8% protection on weak momentum
IV30 % Rank: 69%
Earnings watch 2/11 pre-marketEarnings watch 2/11 pre-market:
UA
CLF
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MGA
APO
BYRN
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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
7 Important tools:
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
UAA Under Armor - Bottom of range + Citi Bank Upgrade target 29 Citi bank upgraded from Nutral to buy and price target of 29. Just experimenting here. This would be a bottom of range accumulation type of play.
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!
UAAUAA with a potential double top. The sell volume has been increasing. A break below will take the price to fill the gap.
UAA longUAA long
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida
UAUnder Armour should jump toward $22 soon before its investors cool off.
UA has an excellent product even if wall street does not like it.
Students, athletes, and youth like UA as much as they like Nike. The products are elegant, sporty, and trendy. The primary sale season is in Sep; the same time school is being open. The investors need an excellent report of earnings, though.
$UA Plan for the weeksolid orange are intraday actionable plays
dotted are take profit targets
Harmonic pts are for longer dated positions
Under Armour Looking Good On Reopening StoresUnder Armour is showing lots of bullish signals after reporting better than expected earning as it has been re-opening many of its Covid closed stores.
As long as the US doesn't do a shutdown with the Delta variants spread, Under Armour could be worth a look.
I also very much like that it is still a low $20's stock so has the psychological attractiveness to buyers.
UAA predictionUAA hihgly overbought and the shorts are around the conrer.
On the short term we could bounce back to $20.
Under Armour Inc (UA) - False breakMarket structure: Uptrend, price look like going to retest previous resistance turn support
Setup: False Break
False Break candlestick pattern: Hammer / Bullish engulfing
Will wait for the price to break below the support and close back strongly above support around 17.60 price
Stop loss: depend on how false break set up swing low
Take profit: 20.30
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
