Waiting for the price actioncould go from here in any direction. We need UA to break out of the base and show some price action to buy it or sell it
U1AI34 trade ideas
Bearish - Major Overhang 75 -80 - Short down to low 60sLove the company , but there is nothing new to make the case of this rallying , especially in a weak market.
Look to short 75
Look to cover low 60s
cover risk @ 78
$UA Can it test $88 before explosion? Can it go back to $88 and reverse to previous support at $45 ???
SHORT UAI am Short UA and I am targeting $68 as my first price target and $50 as my second price target.
Ryan
$UA "Entrance"Price action confirms your view....manage the risk ....that is the only thing we can control.
long 150 of $UA at 66.6 and Feb19 PUT @ 70 for 5.9 I expect UA to have an upside surprise in Earnings, but I would protect my self with a put too.
Analyzing Under Armour4th Pullback since 2008. Secondary indicators show strength. It has broken monthly TL along with $SPY. 200 Wk MA holding. MACD's needs to curl up
Underlying StrengthHigher Lows while MFI achieves Lower Lows. This is a bullish indicator for the long term.
Hidden Bullish DivergenceIndicates underlying strength. Good entry. Typical retracement in an uptrend. Will reverse imo
Watch reversalGap down Bullish hammer indicates capitulation. Stocks and RSI lowest ever on weekly. Bullish div. on Acc/Dis.
Bullish DivergenceAcc/Dis continues to rise regardless of pullback. This IS a bullish indicator w/ a falling wedge break to the upside. Buying pressure is rising.
Broke out of Bullish WedgeBroke out of first Bullish Wedge as a reversal comes in. Stochs indicate well oversold. MFI curling up on powerful weekly.
At SupportMACD curling upwards. Oversold on the weekly Stoch and MFI. Has wedging down handle. Looking for entry. 4-8 Week horizon
monthly perspective20 MA on the weekly has been a good support. so far 77.08 is 20 MA. sky is not falling
