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Apr 19, 2017 8:44 PM

United Continental triple top sigalling a further drop? Short

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United Continental Update
A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the 38% retracement (~$62), line 2 (~$60) and the 50% retracement (~$57.50)
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