UAA trade ideas
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.
UAA classic wyckoff reaccumualte (schematic #1)
spring - yes (possibility)
st- yes (possibility)
supply reducing. but i dont see SOS
ivo that, my current plan is going for trade in range
warning signs
1/ abscence of SOS
2/ minor SOW
bias : reaccumulate at this moment
*sos = sign of strenght
*sow = sign of weakness
UA - Sympathy play with NKE NKE ran hard and UA had a great last quarter that surprised analyst's expectation. If this ER goes well I expect to see UA get some upgrades as their 2020 revamp looking like it could have some legs. UA doesn't have any voting rights but Plank still owns about 60% of the company so UAA shareholders are paying a premium for not much gain which is why I went with the Class A shares. Two larger bets on October and Jan 22cs have been placed in the last few days and will probably follow that flow
Biggest problems with this trade will be a UA not having a great ER and the squeeze on the weekly playing out downwards. There is also an investigation from the SEC that they had to settle about their accounting practices when they were pulling inventory forward and sending it out to retailers early. That's been worked out but I read recently that the civil suits might have some legs now with that ruling handing down.
Invalidation on a daily candle close below 17.30
UAA Quick PlayBought some $21.5 weekly (next week) puts, because option balance point is below $21 for tomorrow
Under Armer at Support Levels - BUYUAA is a Buy here at the range lows with a limit buy order.
Marked on the chart, multiple support hits.
Look for Failure Test or Fake out or a pin bar with a tail that tests these lows
UAA - Ready for a "run"Good earnings (online sales have improved while less dependent on box stores)
The stock is trading up to the breakdown from the Feb COVID hit
UAA at a great moment for a Short Daytrade or Long SwingIf the support line will be crossed down (20.70 - 20.75) consider go to a short position (day trade)
On the other hand (and I think less likely) this stock goes up, and then a very tight stoploss can be obtained with a far target of around 28.00 for Swing.
UAA - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NYSE:UAA breaks up the Daily Resistance line at $24.30 (with a WHOLE DAILY Candle) !!
someone asked me to do a TA on UA so here it is this is my TA on UA
I think it will trade sideways until sept-nov and then break out to new highs it likes to trade in a channel before breaking out current breakout is not confirmed and likely a fakeout fadeout still bullish for long term look to accumulate around 14-16 IMO for a longterm
Under Armour Inc 🧙Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and more than 400 total factory house and brand house stores. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.
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UAA, not ready for meWhy Not Today
The price keeps recording lower lows and lower highs.
More than this, the last bounce was not supported by anhy strong EMA.
For me today's +5% was not an entry sign.
UA swing trade with a 2:1 reward to risk UA breaks out with volume. Could be a potential winning trade
Trade IdeaWould be nice to wait a test of ema 200, instead of jumping on this support of ema 100.
Confirmation will come at the breakout of this bullish flag.
