UAL trade ideas
The $UAL chart looks amazing$UAL is on its way to at least $70. I'm long since $40. It's not a trading advice. It's only what I do.
UAL Lots of rotation in the travel sector and UAL was hit a good amount today in flow. RSI is a bit high so looking to enter around $48 if it continues with volume or a pullback to occur and then try and get in around $46 or so. If it can break through that weekly fib it has some room to run.
Long term pros:
Stimulus news is upcoming + vaccine rollout.
Still down about half from COVID highs
Short Term Pros:
Lots of flow
Long Term Cons:
Airlines may never pick up where they were before in terms of price
Vaccine Rollout
Short Term Cons:
RSI looks to be a bit high so a pullback is due
PT:
$54 by the end of March depending on if pullback occurs
Invalidation:
$44
Long | UALNASDAQ:UAL
Possible Scenario: LONG
Evidence: Price Action,
TP1 ~50$
* 10% Profit
This is my idea and could be wrong 100%
UAL BounceUAL ran up into highs that act as resistance, the 52 level is a supply zone, where sell-side comes in. I project a bounce down back toward the moving averages to the 46.5 level.
UAL meets strong resistance above 50. More consolidation neededStrong resistance above 50. Definitely require a greater volume to break out. MAs are lined up which looks great! However, too big of a swing from 40-50. More than likely, we will need a few more swings to build a solid VCP pattern before a solid break-out occurs.
Consolidation underway. Be patient it is happening
United Air lineBased on analysts offering 12 month price targets for UAL in the last 3 months. The average
price target is $48.91 with a high estimate of $62 and a low estimate of $32.
Analyst Firms Making Recommendations
B OF A GLBL RES
BARCLAYS CAPITA
BERENBERG BANK
CITIGROUP
COWEN & COMPANY
DEUTSCHE BK SEC
EVERCORE ISI
EXANE BNP PARIB
GOLDMAN SACHS
JEFFERIES & CO.
JP MORGAN SECUR
MORGAN STANLEY
RAYMOND JAMES
SANFORD BERNSTE
SEAPORT GLOBAL
STIFEL NICOLAUS
SUSQUEHANNA
UBS
VERTICAL RESEAR
WOLFE RESEARCH
*** at least there some insider bought
Insider Ownership Percentage: 0.40%
Insider Buying (Last 12 Months): $93,100.00
Insider Selling (Last 12 Months): $14,330,625.40
***Assets more than liabilities.
Period Ending: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Total Assets 59548 52611 49024 42346
Total Liabilities 53588 41080 38982 33612
Total Equity 5960 11531 10042 8734
Strong institutional ownership is an indication that hedge funds, large money managers
and endowments believe a company will outperform the market over the long term.
Well Institutional Ownership Percentage: 60 % 3ed in ranking
74% of South West air line shares are owned by institutional investors
73.1% of Alaska Air Group shares are owned by institutional investors
-60.9% of United Airlines shares are owned by institutional investors
-59.5% of Delta Air Lines shares are owned by institutional investors
--44.4% of American Airlines Group shares are owned by institutional investors
UAL - Bullish Inverse head and shoulders patternUAL - United airlines has a bullish Inverse head and shoulders pattern on daily chart. Options flow - Over 27,000 June $50 calls traded friday. 6000 $45 April calls traded vs 8 in open interest. More flights starting as more vaccines get to people , you could call this a "re-opening" trade. I own march calls in JETS etf. Cheers!
$UAL on slow climb back up$UAL has been making a slow climb back up but will run into resistance from highs/lows from 2016/2017. Still has a good chance for 11-27% gains while it attemps to climb back up to 2020 highs. I'll update more as it makes targets.
UAL - Golden CrossGolden Cross just formed. UAL is hugging the trendline and looking to break on through. Watch for a breakout.
$UAL is doing just fine. I'm long since $39. Target at least $70$UAL seems to follow the channel. The target should be at least $70. The first resistance is around $74. It's not a trading advice. It's my opinion.
ABC BullishLong entry level 42.22 and above..
Possible stop few ticks below C..
Not a recommendation
UAL Bullish Flag Identified. Growth to be continued! Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
$UAL so far so good on its way to $70If $UAL keeps holding the pattern, we may see $70 sooner than we thought. It's not a trading advice, it's just my opinion. I'm long until $70.
Possible Green Days Ahead for AirlinesNot in any positions, but it looks like make it or break it time for UAL.
OPENING (IRA): UAL MARCH 19TH 33 SHORT PUT... for a .91 credit.
Notes: Here, an addition to my Jan '22 47 covered strangle in UAL to reduce cost basis further, which currently consists of (a) a Jan '22 47 covered call; (b) a February 19th 35 short put; (c) a March 19th 33 short put; and (c) a June 18th 32 short put. Cost basis is currently at 42.75 versus where the underlying is currently trading at 40.27.
30-day's at 67.3% with expiry-specific at 66.7%, with earnings in the rear view, so it could be fine as a stand alone trade (2.84% ROC at max as a function of notional risk).
If $UAL is not a buy, I don't know what it is.$UAL is in the perfect place. As long as it stays in the channel, we have an open way up to $70. It's not a trading advice. It's my opinion.
