UA turn around after earning sell off ?
Friend asked me to look at UnderArmour for a possible buy opportunity
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test
Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test
Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.