Airline stocks have been poor performers, despite the short term pullback in crude oil recently experienced.
UAL's peers seem to be in an downtrend and with the formation of the head and shoulders formation, any break of the neckline would indicate a short.
Additionally on the chart above we have the MACD turning negative , RSI falling and a daily squeeze...
Bearish divergence possibly indicates signs of weakness in the market trend and that a reversal may occur from uptrend to downtrend.
It is formed when price forms a higher high and your chosen indicator forms a lower high.
In the daily chart above we can see Gold against the U.S dollar sell off after bearish divergence formed with the MACD and RSI.
Combined...
