chefdrewmem

multiple bearish technicals

Short
NASDAQ:UAL   United Airlines Holdings, Inc.
For starters a short term signal is the 1 minute 50ma line crossing the 200ma at the same time the price crosses and closes below the 200ma. Second indicator is a resistance line from May that has held the price back on 3 prior occasions. Third indicator is a short term bear signal of the price breaking out of a rising wedge. The price should now begin to approach support around 29, and is likely to return to sub 20s over the next several months.
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