Long
UAL Landed Near 52-Week Lows and Is Ready for Summer Flight
Trigger at 45.84 with stop at 43.62. Target is at the 55.35 which is the 200SMA
44.00 is starting to become a new support level for UAL. I think the stock will retest this support one more time before take off. If it holds it will be a confirmed support and I will look to add to my position.
Setup has a reward:risk ratio of:
4:1 to the 200SMA
6:1 to the Resistance line
44.00 is starting to become a new support level for UAL. I think the stock will retest this support one more time before take off. If it holds it will be a confirmed support and I will look to add to my position.
Setup has a reward:risk ratio of:
4:1 to the 200SMA
6:1 to the Resistance line
Trade closed: stop reached
This trade was profitable in the first couple days. I could have closed this trade aggressively when the trade failed to break the 10 ema and the upper wick formed a bearish candle on the 10 ema the next day.I will setup a new long position at 42.17 if UAL can test that level again...
Lose small, win big
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.