with Trump and China going at each other with Tariffs this will probably sell off with the rest of the market
I would just watch a bit for now on UA - it does seem like the downward trend could be broken so it might be a good to look for a place to buy, however their fundamentals kind of suck:
low sales Q/Q & high forward...
See chart. Note: PRICE MUST BREAK RESISTANCE AT $17.47, IF IT DOES NOT the stock may consolidate in that small range or fall.
If a breakout is confirmed, at the very least I would expect UA to fill the gap between $21.4 and $24.97.
Bullish long and short term. Inverse head and shoulders from past several weeks has played out well. Still waiting for PT ~$21 and even higher if we break resistance with volume. Bullish pennant also points to same PT area.
After testing the 100 MA, price jumped to test the 0.786 fib level but failed and dropped back below the trend line. Chart is as technical as I've seen, I'll be watching this one to go long if price moves into the upper quadrant before the inverse apex on 7/11.