$UAL. New meme stock. To the moon
United airlines, nothing short of unprecedented move. In four months quadrupling shareholders value. Nothing short of spectacular. However, according to Simply Wall Street fair value is at $17.62. Fundamentally nothing changed in the last 4 months, at least not to cause this kind of move. Technically both the decline from Dec 2019 and the moonshot from August 2024 have moved at exactly same angle. And if this happens again one can expect the next downturn to be quick. Might consolidate before heading down like in the last cycle. Time will tell. I see it going to $114, Blow off maybe $120 ish, then down.
Time will tell
Time will tell
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