0LIK trade ideas
Potential long term tradeUA recently broke resistance (yellow line), if the stock can push past this and set a new support this would be very compelling.
note that I'm not advising a position yet, this looks more bearish short term but we will have to wait and see.
UAA Exhaustion Gap?Pretty good liquidity on UAA weekly options, this one might be a good short term trade (as in 2 - 3 days). I'm already in this morning but you may want to see how the day ends.
UAA goes gap with the market, so if they pump futures on Monday this will gao up. Overvalued though, based on this blowout quarter it's got a P/E ratio of 33 and no dividends.
Self Improvement - 11/20/2018Stage 1 >>> Stage 2 - wait until the market goes overall bullish though
UA 30 minute chart- higher lows..walking up the trend line. May give it another day and likely go long
Potential Bottom Reversal$UA quickly regained the broken support around $17.65. May be worth picking up a morning dip tomorrow
Stop would be below 9/19 candle
Under Armour $UAA TriangleThe stock has been hyped up quite a bit latley but the chart is showing a triangle between a short term support and a long term resistence.
This long term resistence was tested once before with an alomst identicle pattern in Octover 2016 - see white trend line .
Tempted to go in on some puts here.
UAA take two (1)you fooled me once stupid stock. this time i will have the last laugh! i am thinking that my timing was off , if it keeps dropping i believe UAA would be overextended too the downside so even if this stock is going down a counterbounce should be in order
market = -1 (i think the overall market sp500 will stand still or drop within short time)
timing = 1 (if the stock keeps dropping its going into some support area + its very overextended on the short term down 30% i 2 month)
fractal = 0 (not much has changed here)
volume = 1 (volume is higher on the upswing then on this recent sell off so i would still consider that a +1)
group strength = 0 (when i look at the big apparel manufacturing companies they look to be doing ok , not great but ok)
your protection needs alittle more protection (2)under armour is acting strange, its not in sync with the market which is interesting, the stock already lost 78% of its value these past 2 years so a bounce should come. Question is how big should that counterbounce be and if 25$ was all she wrote.
Volume = 0
Group strength = 1
Timing the market -1
Abcd pattern = 1
Fractal = 1
$UAA - cup and handle still intact - watch for BREAKOUTCup and handle formation still holding today, watching for breakout of consolidation for move higher. Measured move could fill gap back to ~28 range.
Long!Will be monitoring the fib levels for targets, its an open ended trade! Stop level is on the chart. Cheers
UA Support and Resistance Levelswith Trump and China going at each other with Tariffs this will probably sell off with the rest of the market
I would just watch a bit for now on UA - it does seem like the downward trend could be broken so it might be a good to look for a place to buy, however their fundamentals kind of suck:
www.finviz.com
low sales Q/Q & high forward P/E ratio for a retail company
Strong buySuper strong buy signal to 33$ minimum all indicator show that and fundamental also showing that!
UAA bullish pennant breakout repeat?UAA has had a minorly positive earnings report and has been in a nice uptrend since. After breaking out a few times and now forming the same technical pattern again I wonder if past events will repeat? We shall see...
$UA Weekly OKUUUUURtReally don't care too much for growth value in retail; can't say the recent / current pop isn't interesting to watch, though. Haven't seen an A+ long-term play in the sector for a while so, this one is something to watch.
