oerboom

Follow-up on UAL reversal: triple bottom confirmed today

Long
NASDAQ:UAL   United Airlines Holdings, Inc
Bearish price action of UAL has been on my radar for a hot minute. Long-term support held in mid-July, followed by a break from the channel. RSI divergence suggested a possible reversal, leading to a second bounce at the long-term support. We now have the third bottom at this ascending support, a bullish signature. We can now see the enclosing triangle and extract a price target of $51-$52. It is crucial that the $44 support remains uncompromised in the coming days to validate the pattern.
Comment: Nailed it