United Airlines Elliott Wave Theory Perspective CountDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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UAL trade ideas
UAL Bollinger SqueezeUAL has been consolidating for some time. After a period of consolidation the bollinger bands start to squeeze closer together near price. Typically this lead to a breakout of the consolidation where prices squeezes outside of the bollingers bands for a breakout. I suspect this will lead to a breakout to the 43-45 area.
Getting Bullish on $UAL$UAL had a MACD Bullish cross to go along with an EMA cross of the 20 and 50 day coming off a big green candle the day before. That's enough confluence for me to get long with a long debit
call spread. I even got some positive Theta with this trade at the time the trade was placed.
multiple bearish technicals For starters a short term signal is the 1 minute 50ma line crossing the 200ma at the same time the price crosses and closes below the 200ma. Second indicator is a resistance line from May that has held the price back on 3 prior occasions. Third indicator is a short term bear signal of the price breaking out of a rising wedge. The price should now begin to approach support around 29, and is likely to return to sub 20s over the next several months.