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resurrector007

UA is getting ready for take off

Long
Under Armour, Inc. (NYSE:UA)  
resurrector007 Updated   
NYSE:UA   Under Armour, Inc.
Technical Indicators Wave Analysis Chart Patterns
4
0
indicator waveanalysis chartpattern
Hi Folks. Notice the accumulation. For long term entrants, watch the stock go beyond $16 for a weekly confirmation. Then wait for a pull back.
Trade active:
I have a few positions near the low. I think its a good time to place a few near term hedges on any gains.
Comment:
Stop Loss moved up to 16.35 for some positions
Stop Loss moved to 15.80 for other positions
Comment:
Took more positions @ 15.77
moved stop loss to below the low.
Comment:
Sold the safety puts. Made good money. holding cheap $15 puts.
Took positions@15.77. chart seems to show a harmonic pattern. for now the entry is on the assumption of wave 2 of Elliot wave.
Comment:
snapshot

Likely Harmonic pattern - Bullish Carb
Comment:
I'me taking positions with near term hedges to offset any market swings.
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