However, if you look over the pure financials, UA has consistently met or beat earning expectations. The talking heads were quick to calls this a "junk stock" but one mans trash is another mans treasure..
Today's sell off stopped exactly on top of local low order block If more bad news doesnt come out of UA and christmas number look reasonable , i could easily see this retaking the ~38 level. Also still above the 2 year ascending . I would watch and wait..
Another nice thing is the overall dollar flow for past 2 years has been most good to . Also this stock tending to follow the common "buy rumor , sell news" models of the . So this is not unusual. (with the exception i noted on a previous chart)
The 3d is about as low as it can be. Since this is my "divining rod" in all markets, i would look to see something above 20 because taking a 'real' position.
a break of the current order block signal it may want to test the regional low of 28.34