UAA at major point of support, resistance. This goes all the way back to 2006, and has seen quite a bit of action over the years.
At this point in time UAA is retesting this level, as it has done several times since Sep. '22.
This doesn't look like a strong chart to me, and if UAA loses this level it could enter free-fall.
A bounce is likely, however, given the historical significance of this level, so scalpers can weigh the risks.
At this point in time UAA is retesting this level, as it has done several times since Sep. '22.
This doesn't look like a strong chart to me, and if UAA loses this level it could enter free-fall.
A bounce is likely, however, given the historical significance of this level, so scalpers can weigh the risks.