A 40% drop in price seems unrealistic, however if this structure is indeed a bear flag (blue), then we could see a new low for the athletic performance apparel company headquartered in Baltimore, Maryland. That low, around the $3.40 range would form a trend line in confluence with previous lows in 2017 and 2020.
I like this setup, a mega flag that will give us almost 50% in the coming months. Without a doubt, an opportunity like the many that NYSE:UAA has offered in the past.
I wouldnt throw my life savings in this, but a small bet could pay out big, with a well defined risk setting a stoploss below the recent swing low.
RSI trending up MACD trending up and losing sell momentum.
Adam and eve pattern forming
Giant BAT harmonic pattern completed, with a type 2 return into (Accumulation?)
Retail names are picking up some steam lately.
Besides the VSCO trade, this is the second name I’m tracking.
This isn’t a tech stock, moves slow. Buy and forget for few months.
probably 40% upside if it rallies as per the projection.
NYSE:UAA looking to make a third higher low, $7.80-8 support. Wycoff accumulation area shows buyers are comfortable setting up around these levels for a bright year(s) ahead.
UA completed this bullish harmonic over 8 months ago. It hit our first tp of the trade set up before falling below the key level where we were stopped out.
We do not have an open leveraged position on this asset but we are accumulating it at these levels as it has turned bullish again.
The spring back above the key level and the backtest that has occurred...
Analyzing the options chain and the chart patterns of UAA Under Armour prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Under Armour Inc (NYSE:UA) shares rose after the sportswear maker reported second-quarter earnings that exceeded analysts’ expectations, as well as its own.
However, while it maintained its outlook for full-year earnings, it lowered its revenue expectations due to challenges in North America, its biggest market, during the back half of the year.
For the three...
Under Armour Inc - 30d expiry - We look to Buy at 7.05 (stop at 6.71)
Posted a Double Bottom formation.
6.97 has been pivotal.
7.00 continues to hold back the bears.
Bespoke support is located at 7.00.
Dips continue to attract buyers.
We expect prices to stall close to our bespoke level (7.00).
Our profit targets will be 7.90 and 8.10
Resistance: 7.65 /...
Price action is showing a potential market structure shift to the upside. At a nice level to take buys from considering the price action. One of my personal favorites on my watchlist due to the price action setup on multiple time frames.
Analyzing the options chain and the chart patterns of UA Under Armour prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
UAA has a buy range between $6.40 and $8.
We caught this UAA long in the early stages of a breakout around $7.50.
Target Prices
TP 1
$14 is the first price target
TP 2
White resistance line (tough to accurately forecast, I will update this target later).
TP 3
$22 is the third price target
TP 4
$51.77 is the fourth price target then UAA can find price...
