Asset and Time frame -UA,1H
Entry Price -16.68
Exit(Stop Loss) -16.31
Exit(Take Profit) -17.65
The range between stop loss and entry - 0.37$
Technical Analysis -Hourly chart Fibonacci level made an ABC pattern and retested the 0.618 level,stop loss was placed under the 0.618 level and take profit placed at the 0.0 level.
What can be improved -
Conclusion & End...
Im predicting that UA will jump and test resistant. Similar to Aug 28th same crossing and pattern is what im thinking.
Limit order at 15.90
Sell limit order at 19.00
Stop loss at 15.75
Just my opinion , let me know what yall think
Over the last several months, Under Armour stock symbol UA, has made several double tops and bottoms. Every one has played out the way it was suppose to. It has once again made a double bottom. Once it reaches the neckline at $19.5, we should expect to see a run to around the $22 area.
Waiting to see a full pullback to the multi-year support, and go long from there. A few PT levels to keep in mind. Also, watch out for MAs, I don't have them shown here, but they will be resistance as it trends back up.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
SOLD 10 PUTS AT 0,75 $ STRIKE 21 MATURITY 09/08
VOLATILITY ROCKETED AFTER EARNINGS BECAUSE THEY MISSED US targets but the overall results are beating estimates and the story is still very good
Happy to get the stock And sell calls
don't think the stock will collapse below 20 $ , no reason for it
Due to recent earning reports, there might be upcoming selling pressure and momentum. Price is above MA 200 and %50 Fibo level, long term upward trendline still not broken.
I think $UA is acting very strong here, it managed to shake me out of a long position at break even 2 months ago, but after July's surge, a long term Time@Mode trend signal kicked in. Upside in the stock is tremendous, adventurous traders could follow this monthly trend going long around here, or lower, with a rather tight stop @ 20.23. A larger wiggle room would...
I'm always watching under armour because it seems to have so much room to grow.
There is a lot of interesting unexplored territory for the stock based on the chart, but then again that is some pretty heavy resistance it has yet to break.
You can see my previous note on UA but it got rejected off resistance.
After the last earnings report we were shown some images of the new UA headquarters and distribution center, which it hopes will propel UA to the next level of service and most importantly stock inventory control. What has been a curse in recent years is the continual discounting of goods to reduce inventory, which in turn has devalued the brand and hit margins....
How often do we see Nike goods sold at discounted rates? not very. Whereas UA seems to always be on sale in every retailer, that is not a brand that people wants to continue to wear. UA's board are working hard to stop this practice as it is just making them BUSY FOOLS, selling a lot but for no margin. The sports sector is dominated by NIke and ADDIDAS and it is ...
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida.
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