Under Armour Inc. $UAA has been choppy, but appears to be confirming a price bottom as price rose sharply during the 2/12 session after the release of Q4 earnings, which beat expectations.Here's a report from CNBC:Under Armour earned 9 cents per share on an adjusted basis during the fourth quarter, topping analyst expectations of 4 cents per share, according to average estimates compiled by Refinitiv. Sales rose 1.5 percent to $1.39 billion, ahead of expectations for $1.38 billion.Under Armour said U.S. sales fell 6 percent from the previous year to $965 million during the fourth quarter, while international sales climbed 28 percent, after adjusting for fluctuations in foreign exchange rates, to $395 million and now account for 28 percent of its total revenue. It said apparel sales were up 2 percent, fueled by its training business. Footwear sales were down 4 percent, as Under Armour said it sold fewer shoes in discount stores during the holiday period. Accessories sales declined 2 percent. The retailer didn't make any changes to its outlook for 2019, which it originally laid out in December.From CNBCLet's take a look at the price action:UAA Daily Chart(click to enlarge)Choppy and Bullish:- The daily chart shows us that price action has been choppy but mostly bullish since late 2017 when the market support UAA at $11.50 per share.- It has since made a high around $24.70, which remains the key resistance against a truly bullish development.- Otherwise, UAA has been simply bullish within consolidation.Bullish Signs:- The fact that price held above $16.50 back in December was a sign that bulls are resilient in this market. After all, this suggests the market respected a rising trendline.- Then price came back up towards $20, and stalled around here for a bit.- Then, the 2/12 session bullish engulfing candle signaled that bulls are indeed taking over. - When we look at the weekly chart, we can see that the weekly RSI has pushed above 70, and has since held above 40. This is a sign that the bullish momentum from 2017-2018 is still in play.- I think there could be upside towards the $28-$30 area in the medium-term (next couple of months). - At this point, I would love to pick UAA up around $21.50 and $18.50. - Note that price is also challenged by a bearish trendline. - A break above $23 would likely clear this trendline, and open up the bullish scenario.UAA Weekly Chart(click to enlarge)