We can say that Under Armour $UAA has been in the opposite mode versus the general equities market. While the equities market came into 2018 bullish, UAA has been bearish since late 2015. While 2018 has been a choppy year signaling bearish correction in the general market, UAA has been building a price bottom. I doubt this negative correction is sustainable, especially if the market downturn is sharp. UAA Daily Chart(click to enlarge)Accumulation (Price Bottom):- As we can see on the weekly chart, price has been in an accumulation period, in the form of a rounded bottom. - A break above $25 will open up the $30-$32 area, with possibility of returning to a long-term bullish mode. - However, I think UAA will first consolidate between $20 and $25. Below $20:- A break below $20 would open up a previous support at $17.50.- But I think there will be support around $18.45-$18.75 area. In fact, if price does NOT go back to $17.50, we can be more confident that bulls are in control.- On the other hand, a break below $17.50 would warrant reassessment of the price bottom. UAA Weekly Chart(click to enlarge)