Advise to go long on this one. Follow up to my previous analysis on this stock.
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
The earnings and the lack of momentum in the stock, UA, shows that it can deliver while under alpha compared to NKE and other competitors. A buy on techs and spread on up-side better than the downside. Price movements have stayed stagnant since COVID.
Well, it's reaching resistance. If it passes, it's a good place to scalp (slow scalp though).
Upper red line is the second resistance it may hit
Good luck!
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On top of FAANG stock earning tonight we have UAA. Overbought and NKE did horrible so I can;t imagine UAA did well this quarter. It could do something stupid where it goes up because they lost less money than expected, but taking a stab at this, small play.
Looking "Sporty" ahead of earnings here. Classic Stage 1 (consolidation) w/ 3 breakout attempts above SMA50. I usually like the 3rd attempt & it's right before earnings. Swing Trade only.
Notable break above the 100ma .
Volume Increasing.
MACD bullish cross and rose above Zero-line
Possible inverse H&S developing.
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