Under Armour buoyed by a pivotal support - Analysis - 20-09-2022

Under Armour's stock (UAA) rose after the pivotal support of 8.10 held on, lending it positive momentum that helped it regain recent losses, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 6.70, provided the support of 8.10 was breached. 

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Expected trend for today: Bearish