As the name goes get your Amory and aim in front of the target... The stock market open in under 30 mins from now the price chart of Under Armour Inc present a bullish setup for a fifth wave rally so get ready. The Fibonacci projection present a good target to aim for.
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. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold....
I find UA looking really good at this point with an strong support of 19dollar back to before corona. Its in the bottom off bolingerbands and the rsi 2days is low. I think this is a really good spot for an longer position in this company, works even for shorter swing to offcourse.
Long time pricetargets = PT 1 =25d PT 2= 30d PT 3= 35d ...
UAA long
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...
Under Armour should jump toward $22 soon before its investors cool off.
UA has an excellent product even if wall street does not like it.
Students, athletes, and youth like UA as much as they like Nike. The products are elegant, sporty, and trendy. The primary sale season is in Sep; the same time school is being open. The investors need an excellent report of...
Under Armour is showing lots of bullish signals after reporting better than expected earning as it has been re-opening many of its Covid closed stores.
As long as the US doesn't do a shutdown with the Delta variants spread, Under Armour could be worth a look.
I also very much like that it is still a low $20's stock so has the psychological attractiveness to buyers.
Market structure: Uptrend, price look like going to retest previous resistance turn support
Setup: False Break
False Break candlestick pattern: Hammer / Bullish engulfing
Will wait for the price to break below the support and close back strongly above support around 17.60 price
Stop loss: depend on how false break set up swing low
Take profit: 20.30
Disclaimer:...
classic wyckoff reaccumualte (schematic #1)
spring - yes (possibility)
st- yes (possibility)
supply reducing. but i dont see SOS
ivo that, my current plan is going for trade in range
warning signs
1/ abscence of SOS
2/ minor SOW
bias : reaccumulate at this moment
*sos = sign of strenght
*sow = sign of weakness
NKE ran hard and UA had a great last quarter that surprised analyst's expectation. If this ER goes well I expect to see UA get some upgrades as their 2020 revamp looking like it could have some legs. UA doesn't have any voting rights but Plank still owns about 60% of the company so UAA shareholders are paying a premium for not much gain which is why I went with...
