1UAL trade ideas
bear call spread UAL25% ROI UAL at the top of a nice channel, willing to unravel if strength continues or sell a bull put spread on a retracement down
United ShortClean price action testing between the range. We have tested near the top and wicked downwards with 4 bearish candles consecutively. Holding tight risk management in the event of price pushing higher near higher resistance level.
$UAL Trading a breakout in United Airlines. Entry level $88.50 = Target price $97.00 = Stop loss $87
Trading for the breakout on earnings tomorrow.
Stock is in a very tight range and the move should be quite frantic.
Indicators are bullish.
Fundamentals are strong, Fuel costs remain low and passenger demand increase.
Downside is limited.
"Joe's Earning Season Preview" S2 EP01~It's already a quarter since I started this series in July,
and here we are in this another earning season!
Aren't you excited!?
Let's check what we got today: JPM,C,GS,WFC,BLK,JNJ,UNH,UAL.....
UAL - Right On Time - Clear Path Down to the 85-90 RangeIf you saw the previously posted chart and have played it in the last 2 days you should see that the previous post's call for downside after reaching the 95.xx ceiling is playing out to scale.
Ciao
(Its all about the FED, baby!)
BUY $UAL under $95 SELL $UAL over $95.25The chart speaks for itself. It's an inversion of United States broader market index movements (defensive sector rotation). As broader markets trend lower over the next week, UAL will continue a slow path upward and most likely over 95.50 for a moment. But just as the going seems to be good for $UAL, and as everything seems to be nosediving in broader SPY index, suddenly UAL will descend upon the lower ranks of well, lower. Probably 5 points lower, at least.
UAL - Channeling into EarningsOpened a Sep 85 / July 87.50 Diagonal Spread. Will sell before Earnings on July 16th.
$UAL Weekly $UAL building a nice base for the past year. Earnings on July 16, might be the catalyst needed to hit $100+
Short hoping it keeps on doing its deedJust following the channel.. looks like SR is broken and just touched resistance.
Clear pattern for UAL (United Continental) - Short or buy putsWe have one of the most prominent channeling patterns here in UAL. We also have global tensions in the Persian gulf leading to concerns about oil prices going higher. Taken altogether, now is a great time to buy some near the money put options for UAL. Perhaps the July 26 or August 2 87 strike puts.
$UAL Long$UAL has been trading the between $90 to $78 area for nearly a year now. Shows a very obvious demand and supply zone. Decently high probability long but it might take a couple weeks or even months to get to the $90 mark.
United Continental Rallying on EarningsI've been watching the airlines to try to figure out where the big money players are stashing their aerospace investment dollars, and it looks like they're flocking to UAL after a 12.50% earnings surprise this morning. The stock rallied with a upward opening gap and the bulls held out over the day. The move is large enough to push up against and widen the top Bollinger band, and while the price is above the 52-wk average and the 20-day average is below the the 200-day which is below the 50-day, indicating that this is a minor inflection downward presenting a buying opportunity before the trend traces further to the upside.
MACD broke positive and held in the last two weeks, and this earnings rally is showing signs of establishing a longer running trend. RSI is just starting to peak near 70 since the mid-March low when the entire airline and aerospace industries took a beating following the Ethiopian 737 MAX crash. Volume is spiking but almost no short interest rise shows that the crowd isn't willing to bet against UAL's rally.
$UAL Not confident going into earnings tonight, nice short.Technically it is hard to be positive prior to UAL earnings report after the close. The chart has negative signal throughput, gaps needs filled, possible H&S formation, well defined downtrend resistance and a very defined drop on the Chaikin Money Flow. As a sector the transports have lagged the market and UAL looks like a definite short for us, with a stop lose above trend-line.
UAL in descentBotht the head and shoulder pattern and triangle are indicating a descent of its stock-price if the triangle resistance line is not taken out. April 16 after market the company presents its quarterly figures.
Started our descent (UAL)After a head and Shoulder pattern, the stock took off, but is now reaching the resistance line of the triangle. Will most likely bounce back ino the triangle and close the GAP of a few days earlier. On April 16 after markets the stocks will present it's quarterly figures.
UAL ShortClear head and shoulders.
First target $76.
Second target $72.
If shit really hits the fan we can see $68.
Head & Shoulders on UALThis is a long time frame short swing trade, at least 3 months and possibly up to a year for the entire move to complete.
United Continental Holdings Inc (UAL) - Head and Shoulders SHORTAirline 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 pushing to the downside.
Previously similar price action has played out with price breaking from $86.00 and finding support at $78.00
