chasel1

UA Symmetrical Triangle @ Weekly Trendline

NYSE:UA   Under Armour, Inc.
One last one for my trading journal before the open tomorrow. UA appears to be consolidating in a symmetrical triangle right next to the weekly trendline. A break to the upside to continue the uptrend would be the more probable price direction, however this trade could be taken with a break in either direction. Since the lower trendline is a weekly level I would be expecting that level to hold more than the recent upper trendline that has formed.


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