Hubert Senters here.
Let’s take a look at Under Armour. It had a nice little selloff today. It looks like it’s going to continue. You do have a little support around the area of $21.30 down to about $20.77.
It acts like it wants to go to lower down here into $17. So here’s how this trade set-up would work. So the short would be around $21.40.
Stop loss would be around $22.27. I would peel some off when you get to the area of about $19 and ultimately the target the we’re looking for is slightly below $18. $17.60.
I’m going to be doing a special live webinar Thursday at 8PM on my secret weapon for finding better trades.
Heads up, markets changing. It doesn’t always go up folks. Up down and sideways if you’re not a decent technician or if you’re not a decent stock picker the world is going to get substantially harder in the markets for you so make sure you got some actual skills.
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Good luck. Hope it helps. See you on the next video.