UAL trade ideas
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).
short term short sell opportunity in UAL stockreturn with respecting resistance area and hav e a shorting opportunity at retracement of stock
also breaking trendline
$UAL United Airlines Review
Expectations may be a little to high for the airline stocks to sustain the moves of last week.
Upside targets to consider are the 100MA and strong Horizontal resistance at $53.00.
Possible support levels to consider.=
- Monthly Support level $41.05
- Gap fill at $39.85
- Daily support $34.03
RSI is high and needs a pullback.
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Profit Taking for UALThe airline sector has been rock solid over the past 2 weeks. With hopes of travel once again starting to open up the price of major airlines saw a considerable boost. I feel that the impulse has exhausted its buying supply and that we will see some selling going on for the first few days of the week next week. Currently the RSI is in oversbought territory, indicating a good time to lock in some profits before we see some potential downside. I think that in the short term we will see UAL revisit the mid 37.50 level. This appears to be a good level of support that has been established since May 14th. If this support falls, I would be looking for entry points around $33.72 (.500 Fib Level) and if we are lucky enough to see it continue down to the .786 fib level at around $24.89 that would be a gift. If the down trend continues past 24.89, I would expect to see a bounce to test the resistance flipped to support (purple line) at around $22.50. I would then expect to see the stock have another strong resurgence and set new local highs. Happy trading.
$UAL United Airlines Upside Targets
The rally in Airlines look set to continue as Europe begins to plan for opening up its borders
Stock is entering a volume gap with possible upside to $44.00 while market remains strong
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UAL - United Airlines AnalysisNASDAQ:UAL
The idea is to go long, but wait that other companies in the same business will show a buy signal.
Check
IAG and AAL - They give different information than UAL.
The best option is to hold and invest in it only when those three company will be on the same page (buy or selling side).
Tight Channel on UALUnited Airline has dropped down from its all time highs and is currently being pushed into this channel range that price is creating.
As volatility drops dramatically the potential of massive spikes reduces and we can start to look for opportunities to trade most consistent and less volatile markets
Short from down trend and risk off for stocks acc. trade warShort from down trend and risk off for stocks acc. trade war to $18
UAL - UNITED AIRLINES Technical AnalysisUAL price have broken the trendline showing a strength signal.
Wait to see if the trendline will work as support of the return price before buying.
$UAl $30 taregt short term in United Airlines Major shirt in sentiment today as rick on is back in play.
European airlines have soared today up as much as 18% so its expected that USA carriers will follow.
Certain European countries opening up its borders to tourism in July is very positive.
3 Top Stock Picks That Could Yield 50% Return by Year End 3 of my top stock picks include:
American Airlines - #AAL - AAL
United Airlines - #UAL - UAL
Delta Airlines - #DAL - DAL
I believe these 3 stocks are well supported and could potentially yield a decent return by year end.
Always remember to Trade Safe - Trade Well
Cheers!
UAL - Shorting the failed breakout of the descending wedgePretty straight forward. United has been building this descending wedge and it has plenty of room left to consolidate down. It failed the breakout today with a gap up in the morning. Also a bearish divergence on the RSI.
Shorted after hours at 25.43 for the weekend
fill the gap baby "wink" target 19major resistance creating the range between 18 and 26. we should see an increase from this area around July-August
