More Pain Coming. I expect UAl to retest the 31 region.
Any lower and I expect more buyers to come in.
Stop at 35.
Best of luck,
--d0x
UAL trade ideas
United Support levelAfter a down week from a quick pop rally, we have a strong bullish candle right before the end of the week. Day to Day volume of trades remain high which keeps volatility high. Looking to see how price plays near this support of the channel will help determine our next trade from here. Based on standard deviations one can be able to determine the next highly probably price target points before we have earnings in July.
UAL Gap to fillLooking 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.
UAL Long Trade Setup ( Technically ) Welcome to Profitlio Trading!
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we should see a rally in airlines over the next 4-8 weeksAlthough 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
United Airlines Elliott Wave PerspectiveDo 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.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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UALLook 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!
UAL pitchforkLooks 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
UAL longThis is my first look for RODROD. Im about to get more indepth give me a thumbs up if your seeing this
UAL: Descending channel1.Descending channel
2.Price broke out
3. TP1 @ 43.16
TP2 @ 48.96
TP3 @ 57.93
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UAL Bull trend Identification and potential Profit Zones!!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 exhaust and reverse as the counter of most recent candle is 5. Most importantly, a common trend after gap ups has been identified, where a mini bull rally happens, which can be easily missed as it often tends to dump afterwards.
Take Profit Zone - From 46.8 - 48 region
If going long, take this with a pinch of salt as it doesn't apply. Also account for the possibility of consolidation which I may have not taken into account but still remains fully probable as the second wave is still scaring people.
United Airlines $UALEntry. $39.88
S/L $37.88
TP1 $57.83
TP2 $67.27
12 months Consensus Price Target: $64.64
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
UAL: Rejected 49,41$ after Gap fill and reversed.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$
UAL Monthlyto early to tell as the second wave fears may also bring it down to lesser levels, good support held from 2006.
$UAL United Airlines Chart Review
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 considered as resistance having provided such reliable support
from the lows.
UAL RetestUAL has retested its prior breakout level of $33, looking for it to remount and make a push back towards the prior highs of $48 range
United Airlines - Long - Recovery after lockdownFirstly, I apologise for the chaos you have been presented with, I would have tidied it up but after being 'in the zone' to this extent I tend to forget how I reached my pattern-based conclusion, but I remember each reference line was of use at some point.
Fortunately, there is the 'pattern-reality' integration process to provide the comfort of logical reason.
It is obvious that the decline in UAL share price is as a result of the COVID-19 epidemic, the STD passed on to humans by Batman. It is therefore sensical to analyse the circumstances regarding the virus to reach a sound conclusion.
Many of the areas which are currently restricting United Airlines ability to operate will soon benefit from summer temperature rises, known to reduce the viruses survival time, based on previous analyses of a similar agent which are recorded here:
www.who.int
Awareness of how to prevent the virus spreading by members of the public as well as medical professionals is continually improving.
These 2 factors combined with the sad reality that the most vulnerable will unfortunately pass in the next couple of months, means that talk of increasing internal flight schedules will begin, undoubtedly benefiting United Airlines. As a result, investors are likely to start ruthlessly capitalising on the effects of mass tragedy by buying shares in anticipation of the value returning to it's position prior to the outbreak.
Possible circumstances which would prevent this sequence of events from unfolding include a mutation of the virus (deemed unlikely to be such that it poses a noticeably greater threat) or the theory that the virus is in fact a distraction whilst a shadowy global organisation begins implementing 'project bluebeam' being proven to be correct (also deemed unlikely).
