11.06.2015 - Under Armor will likely continue to rise
The price of Under Armor after some consolidation within the local Triangle has broken through its upper boundary and rose to resistance at 82.00. In the case of fixing the quotations above this mark, the price will rise to a local maximum at 88.00 and will continue to rise to 100.00. On the other hand the price drop is limited by the psychologically important level of 80.00, below which we recommend to set a stop in case of opening long positions. Our medium-term outlook is positive and we recommend to wait for the confirmation of the signal for opening long positions.