Trading Ichimoku » Consumer Cyclical (Footwear)

Under Armour, Inc (UA): Price under pressure. Letter M?

iam802 — Fri, 25 Mar 2011 14:07:35 +0000

Under Armour (UA) seems to be under pressure and may be poised to drop below the kumo support soon.

1. Chikou Span has pierce through the price level

2. Tenkan sen has cut Kijun sen and with price above the kumo, this is suggesting a possible head start for a bearish move (weak bearish move now)

3. Price gap down about 5 days back.

4. Putting all these together; it seems a letter ‘M’ is forming.

Note:

At the same time, do note that UA is still trading above the kumo and the support is fairly thick.

Crocs Inc (CROX) : Selloffs. Watch for the Support levels

iam802 — Tue, 14 Sep 2010 13:10:47 +0000

Crocs (CROX) has a sell off for the past 3 days after its estimated earnings for short of the consensus.

While the selling is fast and on high volume, we do need to watch out for a swift rebound.

From the Ichimoku chart, we can see the following:

1. Daily Chart shows that it is sitting right on the kumo support with RSI fast approching oversold.

2. Weekly Chart shows that it is still on a nice long uptrend and sitting on the Kijun sen for support.

In other words, the long term trend is still intact.

Tonight, price action will have an impact. Further selldown will suggest that it is going into bearish mode.

However, given that the company has highlighted about the earnings guidance and it fell within the consensus range, I think it will be poised for a rebound soon.

Crocs Inc. (CROX) : Bullish. Break through Weekly Chart Kumo Resistance

iam802 — Wed, 14 Oct 2009 10:26:45 +0000

Crocs is making a comeback.

On the Ichimoku Daily Chart, it just had a Bullish Tenkan sen – Kijun sen cross; breaking through a key resistance.

The resistance at 7.19 comes from the kumo on the Weekly Chart.