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michaelmcquaid

UAL - Shorting the failed breakout of the descending wedge

Short
United Airlines Holdings, Inc. (NASDAQ:UAL)  
michaelmcquaid  
NASDAQ:UAL   United Airlines Holdings, Inc.
Chart Patterns UAL united
4
1
chartpattern ual united
Pretty straight forward. United has been building this descending wedge and it has plenty of room left to consolidate down. It failed the breakout today with a gap up in the morning. Also a bearish divergence on the RSI.

Shorted after hours at 25.43 for the weekend
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