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Akksujean
Sep 24, 2021 2:36 PM

UAL - Recent Death Cross on Daily Short

NASDAQ:UAL1D
United Airlines Holdings, Inc.NASDAQ

Description

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UAL daily chart presented showing Golden and Death Cross prints over the last few years.

UAL recently (late August) printed a death cross on the daily - in which the 50-day MA crossed down past the 200-day MA

A Death Cross print doesn't ALWAYS imply a significant sell-off (see chart), however, chart harmonics seem to be supportive of more down here/soon.

UAL Bulls BEWARE!

No active trades.

Not financial advice.
Technical IndicatorsdeathcrossgoldencrossLOB
Comments
ktaba
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UAL 100% going higher! Southwest and other medical professionals have said Delta has peaked, US easing up travel restrictions, Thanksgiving and Christmas travel boom, etc. Good luck though!
Akksujean
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@ktaba, I agree - data clearly demonstrates Delta has peaked....thus restrictions should be lifted! Seems bullish but price needs to close above the 200-day MA on the daily before I can get behind the UAL bull case.
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