I have some AUGUST CALLS that I have bought for UA prior to its earnings. Along the way, I took some profits. Even then, yesterday’s UA dramatic drop despite its good earnings have me thinking whether my bullish view on UA will hold. From the chart, definitely that long bearish candle is a sell.… Continue reading Under Armour, Inc ($UA) : Still bullish? Next entry.
Under Armour ($UA) continues its bullish move up since it breakout from the kumo resistance in end June. Yesterday, together with the overall market movement, UA hit a new high with a very nice cup and handle forming. So far, UA has managed to hold its price above the $76 range. On the Ichimoku chart,… Continue reading Under Armour Inc ($UA) : Cup and Handle. Bullish.
Under Armour (UA) has dropped from the peak of $80 to a low of $62 over the last one month. It has since rallied over the last one week to current price of about $70. Right now, we can see from the Ichimoku chart that it may break the kumo resistnace at around 70.87 soon.… Continue reading Under Armour Inc ($UA) : Bullish. Breaking kumo?