Last week, we discussed how Under Armour's (UAA) failure confirm a price bottom might lead to a break into fresh low. This week, we are seeing the bearish scenario materalize.UAA Daily Chart(click to enlarge)Bearish Continuation:- The break below the 2017 low is a break below a consolidation range. - The prevailing trend has been bearish since late 2016, so this breakout is a sign of bearish continuation.New Resistance:- If shares of UAA are indeed continuing the bearish trend, there should be resistance now around 20.- A break above 21.00 would signal a period of consolidation or even bullish correction. - But for now, we should anticipate resistance around 20 or even the current support around 18.50, which might turn into resistance.