Look for leaders to fill their gaps.In a plunging market , look for momo leaders like UA to fill their gaps.
UAA trade ideas
UA Gap and GoUA moving higher, this is a trade you can take in a few ways.
1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long
2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support
3. Wait to see if fills gap then don't trade off that.
The gap and go is strong
Long UAPrediction:
1). Back to the central line in three weeks.
2). Target price $85
Signals:
1). MACD positive
2). RSI uptrend
3). At the lower price channel
UA was great and outperformed the rest of the market (Gambling)When u decide to go against one of the best stocks in the market, if you don't sound crazy you will qualify an idiot investor. But if u look the chart and try to find out a possible reasoning for a serious pull back if not correction, you choose stocks that out performed lately as they will feel the most of the wrath from the bears. Having that in mind, we may start building a short position slowly but surely next few sessions. By making our stop loss at recent swing high $70.94 with target price $59 area or at D-point. Entry will depend where the price opens the coming week. Members surely will get real time alerts and hopefully we will share here too. Stay safe and tuned for more to come. If you like follow us.
UAGapped up, breakaway gap, on big volume into upper channel.
( similar move on 30/1 )
potential Cup and handle pattern.
52wk Range: 34.41 - 70.94
target 1 : 72.57
target 2 : 75
potential upper channel bound
Support : 67.80, 66.50 ( diagonal d-rail channel )
UA breakout readyEarnings are due out and this stock is poised to go higher. I would wait for the news but it is looking strong for an upside move, a gap up would give a potential entry.
