Hold For a short term investment, wait before selling. Long Term investment Hold
Hi traders, I pinpointed a nice short setup in Under Armor that worked perfectly as planned, but the sellers weren't strong enough to push it all the way to my target. We're going to talk a bit about risk management. My Trade: 1) UAA - SHORT @8.98, a nice breakdown, weak stock, sadly turned just 10c shy of my TP. -0.32% *In my ID trades, I risk 1% of the...
FIBO extension employed. TP 1 is at 1.618. DOUBLE BOTTOM spotted
I'm bearish on this company but you gotta go with the chart read. Looks like a continuation triangle, will throw in a small bet on calls next week. Earnings Tuesday BMO. I will kick myself if I'm wrong because I usually flip UAA puts for fun.
Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume. This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the...
Buying some puts tomorrow which probably means they beat. Not doing great on earnings guesses... but I'm so bearish on this with PE at 100, I can't help myself.
Small caps going full pumptard, on top of that, NKE misses earnings and still goes up. UAA will more than likely hit a double top. Not going long, but plan to short when it sets a new high.
If it pulls back to $20, then it would be a nice buy. It has to catch up 10 EMA on Daily. Below $20 we have 100SMA & 200SMA.
The stock has been hyped up quite a bit latley but the chart is showing a triangle between a short term support and a long term resistence. This long term resistence was tested once before with an alomst identicle pattern in Octover 2016 - see white trend line . Tempted to go in on some puts here.
Corrections are healthy, now lets get the next run going
Retail in general battered. FL down from $80 to $30... think ultimately we head sub $30 but looking for a bounce here off support into earnings. Nice juicy gap up into $47
Log scale- eyeing the bottom of the channel for a long w/ stop below.