Currently trading between a couple past support lines.
Currently riding on a new support after bouncing off the the lighter trend into the top resistance line.
Looking for a break above the diagonal weve been trading down since last week for confirmation.
Id expect resistance once at the 17.35 area, before a squeeze at the second retest.
If we trail below our...
The Share Price of Under amour its on the buy Zone Area and now what we are expected to see it to see the share price just looking into going to the Projected Price Level .
Take Profit Level @ $24/Per Share
we are not looking for any Sell setups as of now, the only thing that we can domis to only buy the shares of this listed company and thank me later.
Buy now...
Potential long entry with the Fibonacci .618 level as major resistance
Earnings details
Under Armour (NYSE:UAA): Q3 Non-GAAP EPS of $0.26 beats by $0.23; GAAP EPS of $0.09 beats by $0.06.
Revenue of $1.43B (flat Y/Y) beats by $270M.
Gross margin of 47.9% vs. 46% consensus.
FY20 guidance:
Adjusted EPS of -$0.47 to -$0.49 vs. -$0.71.
Revenue is expected to be down...
Place this on your radars. Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.
Based on my analysis:
1. UA formed ascending triangle's chart pattern (19 May-12 Oct> 151days).
2. Yesterday, UA breakout 3rd trendline with high volume.
3. Now, UA is a above MA 200.
4. My target to TP (1) 12.55 USD, (2) 13 USD, (3) 13.60 USD & (4) 15.10-15.20 USD> invest.
*For me, UA is a great stock for long-term investment.
Syeikh Hafiz
Stock Market Analyst
Happy Idea
*Nike had a good Q1, UA can ride the wave. Follow Trendline and Channel for Pulse Check.
*Key Levels
*Support:
9.00
9.84
10.47
11.40 can be the next key area of resistance becoming support.
*Resistance
11.40
12.05
12.42
Potential Long today on the back of NIKE's earnings.
Major resistance | target $12.20
Market looks like ripping today and sentiment bullish in the short term
