Under Armour, Inc.Panjang
💡$UA💻 Breakout of key resistance level or a retreat?💰+17%
📚If Under Armour sees a big green candle close above $19.70, price could continue higher to the $23 region. The $19.70 area was tested three times in 2019 and six times over the last few weeks. However, if price fails to break this region, it could retreat and fall to a previous strongUA level of support at $15. Having said this, on the daily chart there is clearly an ascending triangle forming, which is a bullish continuation pattern. So in this scenario, I would favour the bull case
UA level of support at $15. Having said this, on the daily chart there is clearly an ascending triangle forming, which is a bullish continuation pattern. So in this scenario, I would favour the bull case
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