Under Armour Uptrend Remains Intact

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Under Armour Uptrend Remains IntactUnder Armour, Inc. Class ANYSE:UAAHKCM_GlobalPrimary Scenario Currently, we see UAA in a corrective rally that is likely to end well below resistance at $8.15 and then shift into a downward move. We expect the low of this correction to occur within our blue Long-Term Entry Range ($4.68–$1.97). After that, the stock is likely to transition into an upward trend and eventually break through the previously mentioned resistance. Alternative Scenario ADJUSTMENTS: Alternatively, there is a chance the stock continues its rise immediately and breaks through resistance at $8.15 without reaching another low in our blue Long-Term Entry Range ($4.68–$1.97) (probability: 38%). Long-Term Outlook The daily chart continues to highlight the stock’s long-term upside potential: Our overarching target remains the red zone ($85.92–$94.81), where we expect the ongoing impulse wave to complete. However, resistance at $27.28 is a key level to watch. If this resistance isn’t broken, the correction—already considered complete in the primary scenario—could still be in progress, and new lows could be targeted again (probability: 38%).