here you can see you our triple bottoms, price has been rejected multiple times.
volume slowly shifting
just look out for that reversal patter( i will say expect to see a 16 to 20 dollar increase and the nest 3 to 4 months)
Bearish price action of UAL has been on my radar for a hot minute. Long-term support held in mid-July, followed by a break from the channel. RSI divergence suggested a possible reversal, leading to a second bounce at the long-term support. We now have the third bottom at this ascending support, a bullish signature. We can now see the enclosing triangle and...
I like to see ABCD patterns after a double bottom, especially with momentum strengthening.
This move should pan out within a week. If it doesn't, chances are the pattern isn't playing out.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop...
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Been keeping a close eye on some Airline companies, specifically UAL & DAL. UAL seems like it has already started making its move up and as long as it closes above $50.20, I expect both companies to move strongly upward. I have been holding these companies myself and soon those who are with me can take there profits soon as well. Pre-Covid prices, here we come &...
Price action ending 19AUG presents an interesting scenario for NASDAQ:UAL . First, there is clear price divergence with RSI, a bullish indication. Today's candle suggests a (crucial) third touch on a dynamic support level in the 43.00 range, suggestive of a possible upward bounce. Finally, today's candle also presents a double bottom against this rising support...
thank me later
i have this feeling, i can't explain it to you in words - but i'm going heavy into airline shorts from here.
look for 2022 expiries, give it some time - and one day, you'll wake up and be like "how did elo know"?
UAL recently smacked a support level at around $48 and seems it could possible rebound to the upside. However there is very major catalysts for UAL to further within the coming weeks. Covid is still relentless as always and with the new 'Delta variant' proving to be more adaptive, and dangerous it could potentially impact the already suffering fundamentals of the...
The airline sector is one I see doing very well this next quarter as travel picks up again. The chart for UAL looks bullish and it seems to be consolidating at the moment. A future dip to around the $50 level would be an entry point I would like. Any large scale correction of the overall market may decrease the value of the stock below the CL but long term I do...