After gapping up on good news NFLX put in a shooting star on increased volume. The MACD cross over and inability to put in a new high despite consolidating inside the Bollinger Bands could be a sign that all the buyers are in and there is a possible pullback coming. A break of the upper resistance line would be a no trade for me due to the previous...
UAL has not been in the best of trends although it has been heading up since the 2009 low. The monthly ranges can be large, which makes it difficult to trade.
September 2014 saw price fakeout above the 2007 high so another deep pullback was not unexpected.
More recently, however, price again broke above the resistance and this time has stayed above. There was a...