United Airlines (NASDAQ: $UAL) Looking Like A Buy Opportunity! United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
Travel
Technical analysis update: JETS (8th February 2022)The airlines sector has been strongly impacted during the Covid 19 crisis which resulted in slump of most aviation related stocks. Over the past two years, this sector has been lagging behind the rest of the economy as a result of persisting lockdowns, travel restrictions and other health related mandates. Although, some countries such as Italy, Great Britain, Denmark, Norway and Switzerland are already seeing restrictions on social life being eased. We expect this phenomenon to continue globally and strengthen over time as the Omicron variant poses lower health risk when compared to previous strains of the virus. We view this as a very positive development for the airline sector and as one that will bring air travel back to life over time. Additionally, we think this will act as a catalyst which will result in a revival of the bullish trend. At the moment, the JETS ETF remains approximately 36% below its all time high value which is attractive pricing in our opinion. Further, we are becoming increasingly bullish on the JETS ETF; because of that we would like to set a short-term price target to 23 USD and medium-term price target to 25 USD. Additionally, we would like to set a long-term price target to 30 USD.
Illustration 1.01
Illustration above shows the weekly chart of combined market cap of AAL+DAL+LUV+BA. It is 45% below its all time high value from February 2019.
Illustration 1.02
Illustration above shows the weekly chart of combined market cap of LHA+AF+RYAAY. It is approximately 17% below its all time high value from November 2017.
Technical analysis - daily time frame
RSI is bullish. MACD is due to perform a bullish crossover which strongly bolsters the bullish case for JETS. Stochastic is bullish too. DM+ and DM- show bullish conditions in the market. However, ADX contains low value which suggests that the prevailing trend is either neutral or very weak.
Illustration 1.03
Picture above shows the daily chart of JETS. It also shows the downward moving channel where upper bound acts as resistance and lower bound as support. We expect an eventual breakout above the resistance. Breakout setup for this trade would involve entry above the resistance and stop-loss below it.
Technical analysis - weekly time frame
RSI is bullish. MACD remains in the bearish area; though, it is flat and trying to turn to the upside. Stochastic is neutral. DM+ and DM- are bearish with ADX showing presence of weak or neutral trend.
Support and resistance
Resistance 1 lies at 22.94 USD and Resistance 2 at 25.20 USD. Resistance 3 sits at 28.98 USD. Support 1 can be found at 19.28 USD.
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BA - Channel breakout test
MAs converged nicely+++
Price holding above all MAs++
Price still below 3D VWMA and 200 DMA --
Lack of volume and follow through --
Oil prices -
Takeway: still needs to build above 225 to absorb the overhead supply...might start to ramp into summer as travel picks up again.
HLT is coming below $120 within a short time!Technical Reason:
1. Failed to break $160 ( three times)
2. RSI strong negative divergence.
3. Elliot Wave Complete
4.fibonacci 161% is at around $115 level
Fundamental Reason:
1. Long-term Covid effects in this industry
2. Higher Inflation. Increasing oil prices will further hit the industry negatively!
3. Company's debt is very high, lower operating margin. Net Asset Value is negative!
4. Further more, if war between Russia and Ukraine starts, inflation will further increase and travel-tourism industry will be the worst sufferer! Many companies might be bankrupted!
$WH: A Decent Post-COVID play?As cases drop dramatically and interest rates rise, could affordable hotel name stocks be a good way to get exposure? Presumably as credit comes out of the economy, there will be less desire for higher end names. Also while 41 P/E may be high for a hotel chain, other's in the same space are running extremely high / negative PE's. I'll be looking to play this one to the long side and scaling in. Good luck traders
My Tenbagger pick for 2022 - Carnival CorporationDear traders,
Today I would like to introduce you to my top pick for 2022: The Carnival Corporation, or also known as Aida.
This stock looks great in terms of both charts and fundamentals. I think we have a potential tenbagger here for the next 1-2 years, which is at the beginning of a strong impulse upwards.
As you can see, we have completed wave 1 and possibly wave 2 as well. Wave 1 has the shape of a diagonal and wave 2 the simple shape of a zig-zag that reacted to the 61.8% Fibonacci retracement with enormous purchases. From a fundamental point of view, it is a cruise giant with a monopoly position. But what is interesting for me is the current inflation. Inflation does not seem to have arrived in the travel sector due to persistent restrictions on international travel in the travel sector. I think that if we move towards endemic we will get a huge boost in demand in the travel sector, which of course will also boost prices and the Carnival Corporation could benefit enormously from it.
I have set possible price targets for a wave 3 extension based on Fibonacci ratios. The maximum price target would be $ 155.97 which would mark a new all time high. I think this is perfectly realistic.
This is not investment advice, just my own opinion.
RT
Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart:
1. Made the first higher low
2. Stayed above the 0.236 Fib line
3. RSI 14 crossed RSI 50
Looking CCL to move to the 0.382 Fib line and hoping it will either:
1. Stay above
2. Make a higher high and create a bullish trend.
PS. This is not a financial advise nor I am a financial advisor.
GBPUSD LONG SWING TRADE. Technical AnalysisGood evening guys. The Pound is currently on a key support level. Looking at the 4hour candle we'll see 3 bullish exhaustion candlesticks all signaling an increase in demand. Next, I move into the 15minutes to get an optimal entry, my RSI is currently at 58.42, I'll just wait till it returns to an oversold region(below 30), this will serve as a good entry to risk 15pips, 100pips as a monthly target.
If you want to know how I draw my supply and demand zones just send me a message. Follow my page to stay updated on my daily setups and Investment opportunities.
$AAWW: Flying SoloAAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
long $YOUWeekly candle looks like it's hitting an important level of support. I'm expecting a turnaround.
Potential area's of resistance that will hopefully turn to support are:
50-day MA @ $43.37
.236 Fib @ $44.03
VWAP from ATH @ $46.11
I could easily see it back at $44 in the next two weeks. Maybe even by the end of the week.
With global travel expected to be fully back by 2022, Clear Secure ( YOU ) is a solid 6 month to 1 year hold depending on how things shake out in 2022.
long YOU as global travel returnsYOU with a bullish 20-day MA crossing through 50-day MA. Already filled the gap up so it's ready to continue on its upward trend which seems to be forming a channel that it will trade between. RSI at 50 used to be resistance, now it seems to be support.
Global travel coming back fast. Should be in full swing by the end of the month, the travel ban was lifted on Nov 8th.
YOU provides a very useful service to airports/airlines where they make it extremely easy to verify who you are using biometrics.
AirBnB - Stock Picking - Endemic - HospitalityThe pandemic sucked. We all agree. Hotels & the like take a beating from the P2P economy. Welcome to the hybrid #metaverse future.
Gems exist. Valuation matters.
#cannabisreform
Jobs & Justice
$KERN Akerna - has the COMLIANCE DATA SOFTWARE
CEO is chair of USCC (US Cannabis Council)
GL all.
BA 2 Possible OutcomesAs much as Boeing sucks the company should remain bullish especially once an official rotation begins into aircrafts / travel.
This one is personally one of the tickers I rarely will ever trade and is nearly a no trade stock for me as it's irrational af . I believe the lvls to buy commons at are 194 , 160 .
Scooping up at these prices are amazing , 160 is only possible due to gap fill that may be there due to poor ER or even good ER .. who knows the stock does whatever it wants.
Expect 300 - 400 + in the long term for BA easily. Buy it, forget it.
Potential in BoeingBA hasn’t participated much in this bull market recovery. Impacting them are political risks with China continuing to halt repurchases of the the 737 Max for domestic travel use. Imo R/R is favorable for longs at current levels, with much of the negative news already out and factored into the market. It might just be time for BA sooner than bulls and bears believe...