Under the hood in Under Armour

A quick look at using Volume Bars to find a Buy signal – the Simple Approach. Here is a Daily chart of $UA:

Here is the breakdown:

  1. Buy the 1st Green candle after 4 RED volume bars in a row
  2. 5 occurrences in this time-frame
  3. Use your trading process, exit strategy, stops
  4. It is forming a RED volume bar today, #4 in a row. Also the Hammer candle looks to finish forming as well – Trend Reversal signal

One thought on “Under the hood in Under Armour

  1. Update: the TR signal from 12/17 did get confirmed on 12/18, a very nice bounce up to test the $50 level.

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