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Eli
Sep 28, 2016 2:22 PM

UAL long off support bounce Long

Description

UAL broke the down trend after testing support and bouncing. Price above 200dma and several others now. Confirmation above 51.50 with volume will lead to 54 test for Oct option expiry.

Comment

Take some profits. Update your charts, new target 55.9.

Comment

take all profits. targets hit. moving on to new trades.
Comments
Eli
If the breakout fails and price falls below the orange support line, then downside target is the FIB level 46.50.
Buffettsheirunapparent
I see it! :)
Eli
Nailed it.
Eli
collect your money from this chart?
Eli
@Buffettsheirunapparent, wow... left some money on the table in this name... what a beast. hugged those FIB lines well.
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