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Consumer Goods

Under Armour, Inc (UA): Letter ‘M’ fail.

 

My last post on Under Armour (UA) forming a letter ‘M’ did not turn up well.

UA held its ground above the fairly thick kumo support and did not go down.

With that consolidation, UA make a strong move upwards yesterday with above average volume.

I have a SHORT CALL spread on UA. With this strong move, it is time to acknowledge the mistake and take my lost.