Arm your self and aim in front of the target... 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.
Trade ideas
Under Armour (USA: $UAA) Likely Forming Bullish 'W' Pattern!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. It also provides various footwear products for running, basketball, cleated sports, slides, training, and outdoor. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital fitness subscriptions, as well as digital advertising through MapMyFitness platform. It primarily offers its products under the HEATGEAR, COLDGEAR, RUSH or RECOVER, UA HOVR, UA Logo, UNDER ARMOUR, UA, ARMOUR, PROTECT THIS HOUSE, I WILL, ARMOUR BRA, and ARMOUR FLEECE brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 439 brand and factory house stores, as well as through e-commerce websites. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.
Long in UAI 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
Anyone agree/ disagree, let me know!
UAA longUAA 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 products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida
UAUnder 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 earnings, though.
Under Armour Looking Good On Reopening StoresUnder 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.
Under Armour Inc (UA) - False breakMarket 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: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
UAA 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
UA - Sympathy play with NKE 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 the Class A shares. Two larger bets on October and Jan 22cs have been placed in the last few days and will probably follow that flow
Biggest problems with this trade will be a UA not having a great ER and the squeeze on the weekly playing out downwards. There is also an investigation from the SEC that they had to settle about their accounting practices when they were pulling inventory forward and sending it out to retailers early. That's been worked out but I read recently that the civil suits might have some legs now with that ruling handing down.
Invalidation on a daily candle close below 17.30
UAA at a great moment for a Short Daytrade or Long SwingIf the support line will be crossed down (20.70 - 20.75) consider go to a short position (day trade)
On the other hand (and I think less likely) this stock goes up, and then a very tight stoploss can be obtained with a far target of around 28.00 for Swing.






















