Looking at the UAl chart looks like UAL is making a move to fill the gap down below at a 34.97.
Right now it has a bearish outlook. Once that gap is filled we can expect more down ward movement.
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Although current channel may change trajectory should hold as we see the industry running more flights by second week of July and economic restrictions relaxing across the globe
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Look to your short term resistance. This name, all things remaining equal, will run. Gods speed.
Trumps really been quiet about china, recent approval of further stimulus. Big daddy wants it bad!
Looks like this pitch fork is about to invalid. Looking for a continuation upwards along with the wider market. Give me a thumbs up if your with me RODROD
1.Descending channel
2.Price broke out
3. TP1 @ 43.16
TP2 @ 48.96
TP3 @ 57.93
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For those looking to go short on UAL, I have identified the following potential bull trend in the short where you may be able to cash out some profit. The RSI is just at 60 suggesting the potential of a bullish rally continuing today and the MACD is divergent too further supporting the potential of a bull rally. TD Sequential also suggests that the trend is yet to...
Entry. $39.88
S/L $37.88
TP1 $57.83
TP2 $67.27
12 months Consensus Price Target: $64.64
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UAL rejected 49,41$ after Gap fill and reversed.
200MA = Bearish
250RSI below 50 = bearish
Currently sitting on 39.03$ support.
Even with ascending volume, PPS won't move North. Selling pressure is high.
If confirmed, Target #1 = 32,71
Target #2 = 19,63$
So has a 35% decline this week brought a fresh buying opportunity?
The RSI was overbought but has now found support on previous resistance.
Buyers bid step in before the close yesterday and European airlines have recovered strongly today.
I have included some upside resistance levels/targets to use during today's session.
Moving averages must also be...
