UAA Looking Precarious

UAA at major point of support, resistance. This goes all the way back to 2006, and has seen quite a bit of action over the years.

At this point in time UAA is retesting this level, as it has done several times since Sep. '22.

This doesn't look like a strong chart to me, and if UAA loses this level it could enter free-fall.

A bounce is likely, however, given the historical significance of this level, so scalpers can weigh the risks.