UAL: Long term long entry

We have shared this entry in the KHL chatroom. You can still enter at market, or buy dips to the key level at 45.
With oil possibly topping for the year, this can be an excellent trade.
Props to Tim West and his Key Hidden Levels. I've come a long way thanks to his mentoring.
Leave comments if you take the trade with me here (or if you've taken any of the ones I posted before). It's a great encouragement, and can sometimes have a bigger impact than just material gratification from succesful trades, or from my customer base.

Have a nice weekend!

Ivan Labrie.
Comment: UAL up for the day, but still an inside day. It'll take a while but it's a very nice long.
Comment: Painful briefly but looks good now.

Comment: Nerve wrecking ride so far. Once we move back above earnings resistance it should head up finally.
Comment: Finally, we expanded daily range above the key earnings support, after forming an extended accumulation base, I expect considerable upside from here onwards.
Personally think we see $30 before we see $80 but that doesn't mean our views are conflicting. Certainly hope we get up into $50 levels as looking to short around there.
That would imply you're bullish on oil, so we have diametrically opposite views right now.
+1 Reply
perhaps a good entry point for long?
Not bad now if you're not in, use the same stop as in the chart to be safe. (Or sell puts)
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