2waytrading

Expect 6% Bounce

NYSE:UA   Under Armour, Inc
0
The chance for a bounce is very high after today's high wave candle. last 3 peaks down the stock made two lower lows and two lower highs. Though last two bounce were above 12%, expect 1/2 which gives us a short term bounce to $50 area with stop loss 46.11. The stock is in downtrend and under aggressive distribution. This is a short term trade.

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