Short UATesting 100 MA and gap resistance, overextended upper Bollinger Band and Overbought Stochastic RSI.
Risk/Reward 2.
UAA trade ideas
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 ....
Not a quality trade IMO (UAA)Stock is having a dismissal year.
If you're looking for a 'dead cat bounce' play;
I think there is support around the highs 10s/low 11s.
Long Under Armour; Short Michael KorsThe economy is still expanding, making cyclicals a good choice. Under Armour has been outperforming Michael Kors, and is at a good technical level to buy into. The short on Michael Kors helps hedge out market and sector risk, isolating the risk associated only with Under Armour.
Under Armour- Eyeing bottom channel Log scale- eyeing the bottom of the channel for a long w/ stop below.
Trade Idea --- RSI & MACD ---Interestingly $NKE recently had a similar setup as well.
Trade details on the chart.
Is there any reason retail would be bullish right now?
UA is getting ready for take offHi Folks. Notice the accumulation. For long term entrants, watch the stock go beyond $16 for a weekly confirmation. Then wait for a pull back.
Under Armour (Long Term Entry Signals)From its IPO, this good company stocks been a great short target to bad / nonsensical news. Looking at the longer term charts, this company seems to be in position for a good buying opportunity. The company could also be a potential acquisition target, but i'd hardly expect that to happen as the economy needs great sporting brands like them. Considering it relative value and in any situation it seems to be a great buying opportunity. My analysis is based on simple wave counts, RSI and Stochastic indicators.
Breakdown retestThis a great gap down below support today. For me I would let it retest support and then load up for the trip down.
Under Armor continues to fall...Under Armor continues to fall. In our opinion, the fall in share prices is temporarily halted. Nevertheless, it can continue to run in the longer term. Despite the fact that the Financial Times market consensus is expected to reach 10 usd in 2017, we believe it is even lower. The technical wave of the wave movement is visible at the level of 7.32 usd. We would therefore prefer to consider a short entry target rather than a market consensus.
Inverse head and shoulder + Bullish Pennant Bullish long and short term. Inverse head and shoulders from past several weeks has played out well. Still waiting for PT ~$21 and even higher if we break resistance with volume. Bullish pennant also points to same PT area.
UA 6-22-17After testing the 100 MA, price jumped to test the 0.786 fib level but failed and dropped back below the trend line. Chart is as technical as I've seen, I'll be watching this one to go long if price moves into the upper quadrant before the inverse apex on 7/11.
UA 6-21-17UA tested and held its 100 MA. Expect bounce tomorrow with good upside if it can push through the horizontal trend line and the 0.786 fib level.
UA Fib Model 6-20-17After breaching the 100 MA, UA tested its 0.618 fib line and came off the last few days. Nearing another test of the 100 MA, would expect lift if it can hold. Watching this one.
UA is good to buyUA is my favorite company to hold of long time, buying at 19.49, target price is 28, stop loss at 17 or lower, but the price would hit s/l
