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UnknownUnicorn5323213
Feb 9, 2020 8:16 AM

UA before Earnings Short

Under Armour, Inc.NYSE

Description

UA likely to correct to 15 or lower post-ER.

– major formation bust since August last year, stock was not able to recover
– MACD bearish
– MAs super bearish (turned off in this chart)
– stock is now below 'Century VWAP' pre-ER (bearish)
– RSI super bearish

This post will be updated continuously when mentionable changes can be observed.



WEEKLY + ADX:

Comment

Monthly shows 3 failed b-band attempts. This will force the stock to revisit 11-12 long-term.

Comment

4H chart shows a busted triangle with 3 mistakes, right before ER (bearish).

Trade closed: target reached

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