Friend asked me to look at UnderArmour for a possible buy opportunity
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test
Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test
Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.