Possible Short in the making. A close above clear resistance will bust the Short play. I am scouting for a play and will not take a position until I see a clear breakdown.
This post is a heads up. There is a potential Long play in the making, but watching for a Short entry is why I'm following this.
Log scale- eyeing the bottom of the channel for a long w/ stop below.
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.
UA tested and held its 100 MA. Expect bounce tomorrow with good upside if it can push through the horizontal trend line and the 0.786 fib level.
After breaching the 100 MA, UA tested its 0.618 fib line and came off the last few days. Nearing another test of the 100 MA, would expect lift if it can hold. Watching this one.
As you see, it looks like the price to the downside is perfectly stretched. The A/R Set meets perfect with the down sloping centerline. Guess what trade I do? ;-) Pè
It's all technicals with the CLSA banking on UA being a buy even at $37. Peep the trend lines!
Pretty much like its peer, NKE, UA still in downtrend until further change in the trend.
Long UA! It was sold off hard the past 3 earnings and its pretty attractive at this price point. I personally own 500 shares @$31 for a long term hold :) Usually does well during winters with exception of inventory management problems last year due to abnormally warm winter, see green circle! Predicting a blue circle this time instead! MACD on weekly turning +...
Hi everyone! This is my first idea of trading on USA stock market. The idea is for a Long position on UA (Under Amour Inc). WHY?: 1) We have a big gap to close 2) This looks like a copy of chart from end of may 2016, We`re in second wave down to around 29.20, where I want to get in, with Stop Loss around 28.90, but It will depend on day low. 3) We`re oversold...
While I grind away on various covered call positions (I only have one covered call with an October short call on; the rest are in November or December), I'm looking ahead to some decent earnings for premium selling. Generally, I'm looking for underlyings whose implied volatility is above the 70th percentile for the past 52 weeks and that have background implied...
Ever since UA had a 2/1 split early April, prices have been gradually dropping and it seems as though a a halt has initiated a reversal preventing us from touching ur Jan. 2016 lows of ~$31, and I believe that was the end of our Wave 4 ABC correction. Looking back to 2014-15 we see a healthy wave 3 which can be subdivided into 5 smaller waves. Wave 5 (in wave 3...