Technicals weak, 3 days of above average increasing selling volume. Sliced through TL and 50D (Red). Look for possible gap fill and or test of 100D (Blue)
UA moving higher, this is a trade you can take in a few ways.
1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long
2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support
3. Wait to see if fills gap then don't trade off that.
The gap...
Prediction:
1). Back to the central line in three weeks.
2). Target price $85
Signals:
1). MACD positive
2). RSI uptrend
3). At the lower price channel
When u decide to go against one of the best stocks in the market, if you don't sound crazy you will qualify an idiot investor. But if u look the chart and try to find out a possible reasoning for a serious pull back if not correction, you choose stocks that out performed lately as they will feel the most of the wrath from the bears. Having that in mind, we may...
Earnings are due out and this stock is poised to go higher. I would wait for the news but it is looking strong for an upside move, a gap up would give a potential entry.
