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Xafada
Dec 18, 2012 3:59 AM

Expect 6% Bounce  

Under Armour, Inc.NYSE

Description

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.
Comments
Sharath_ChandraKatpally
awsome trade.. thanks for sharing
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