$UAA - Mean Reversion/Breakout play for +20% upside
Technical Analysis (TA)
Price on the weekly bottomed out with some reversal signs on the weekly chart.
Daily is being squeezed and there is potential for a mean reversion/breakout above $9.75 which might shift the moment to a Long with some key levels at $11 and $12.80.
Price Target
Entry $9.75
Target 1: 121.60 (+18%)
Target 2: 14.80 (+50%)
Price on the weekly bottomed out with some reversal signs on the weekly chart.
Daily is being squeezed and there is potential for a mean reversion/breakout above $9.75 which might shift the moment to a Long with some key levels at $11 and $12.80.
Price Target
Entry $9.75
Target 1: 121.60 (+18%)
Target 2: 14.80 (+50%)
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