The market has refused to go down for the past 5 trading days since touching the the low of around 1100 during August. Back then the mood is terrible. Market has wild swings and the trading range is huge. However, with the 1100 ‘bottom’, the support level seems to have held and trading range… Continue reading $SPX : Bulls yet?
I have some AUGUST CALLS that I have bought for UA prior to its earnings. Along the way, I took some profits. Even then, yesterday’s UA dramatic drop despite its good earnings have me thinking whether my bullish view on UA will hold. From the chart, definitely that long bearish candle is a sell.… Continue reading Under Armour, Inc ($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.