As its currently summer in the US as expected flights have been increasing and interestingly enough even bet pre-Covid levels which is great news for UAL and other airlines.
From a technical standpoint indicators push a narrative with the , and mean reversion being oversold signalling a buy opportunity.
Alot of support levels also were prominent where there was from the 32.8% Fibonacci level, aswell as the 180 day .
Overall it appears like UAL has momentum to launch from its current price, possibly to $53 prior to hitting a resistance channel. However due to the nature of the company negative news sentiment will be very influentially on the stocks price so be wary.