United Airlines is accelerating to riseUnited Airlines is accelerating to rise
This chart shows the weekly candle chart of United Airlines stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, since the completion of the double bottom form at the beginning of 2020, United Airlines' stock has been the second largest band to rebound! The rise after hitting the bottom against the 0.618 level of the golden section in March 2022 belongs to the second largest band! Now, the stock of United Airlines is accelerating to rise, and is about to hit 1.382 in the golden section of the chart!
Unitedairlinessignals
UNITED AIRLINES up by +8% post earnings but Resistance Zone loomThe United Airlines Holdings (UAL) has risen so far by +8.05% intra day following the much higher than expecting earnings yesterday (EPS 2.81 against 2.24 forecast). By doing so, the price is about to hit the 1D MA200 (orange trend-line) for the first time since June 08 2022. Despite this impressive one day rise, we can't turn bullish long-term on United just yet as despite the 1D MA200, the price just to overcome the Lower Highs Zone of the March 18 2021 trend-line.
Apart from that, the 1D RSI just entered into the Resistance Zone, which since March 2021, has formed all Lower Highs. Technically we should be expecting a pull-back to at least the 1D MA50 and then see how long-term buyers may react. If that doesn't happen and the earnings push the price further, we consider buying long-term only if the March 2021 Lower Highs trend-line breaks.
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