Unitedairlines
UAL Long Trade Setup ( Technically ) Welcome to Profitlio Trading!
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Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being 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 trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
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JETS - LongI like to use JETS to trade any of the airline stocks( DAL , UAL , AAL , LUV , JBLU , SAVE .
It seems the overall market could just pull back a little and continue on with the short squeeze, so if the last gap up pattern plays out again, I'll be entering positions in a few airline stocks when JETS traces back to bottom of the gap up candle.
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 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).
DAL is on Historical Key Level! Welcome to Profitlio Trading!
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DAL showing a historical key level and where price held very strong from COVID19 crashes. Expecting to be a good turning point at this level. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
UNITED AIRLINES; Ready for Take Off or Have We Not Even Landed?✨ We provide charts every day ✨
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Good morning, this is your captain speaking 👨✈️, looks like United Airlines (UAL) may be in for turbulence depending on the reaction at support here. Today we are looking to see if UAL is going to retain its short term uptrend, giving us a smooth landing, or if we are going to be looking at a double bottom or lower.
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1. Fractal Trend is showing a downtrend (Red background color) for UAL on the hourly chart.
2. Breakaway Scalper is currently neutral (Grey bar color), so we have no trade.
3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. We enter short on opposite conditions (Red on Red) and otherwise want to be in cash.
4. While there is still a question if airlines in general are bottoming or are going to see more downside (many airline charts look like this, as does the airline ETF JETS), for now we are still holding support as illustrated on the chart.
5. If supports holds, we will be looking for reactions at R1 and R2 resistance. After that we have the top of the current price structure at R3 and then otherwise bearish order blocks at R4 - R6 which were formed on the way down.
6. Support levels below include the bullish order blocks at S1 - S3.
7. It is likely the fate of the airlines is tied overall to the market's reaction to the state of COVID and the economy. Do we reopen and start getting back to normal? That is of course bullish for airlines. Do we try to come out of hiding only to see our shadow and then find ourselves with weeks more of lockdown? In that case there could be a chance airlines haven't even landed yet.
RISKY AAL "LONG"We have a pretty strong resistance at $10.. we have broken it once which resulted in a 40% BOUNCE! I bought some calls in hope of a strong bounce.
Earnings date is 4/24 (on Friday) which will make this a risky long, stop loss for traders would be 9.05..
Good Luck! I am not a professional.
United Airlines Zones
Colors
Red = Sell
Green = Buy
Gray = Do nothing
Orange = Small short till blue
Blue Institutional buying = already happened at least once
Pink = Probably Bankruptcy or something at least in 2020 prices that low I would be worried lol
IF the earnings report gets crushed it will go back down probably to the blue zone so keep an eye out big time. These gray area lines are extremely powerful if you look back.
One interesting thing is I am finding cash flow of Quarterly Operating Expenses of drastic change immediately the next month or two lead to downtrends/or reversals of a decent amount. Need to do some algorithms in Tableau to test out my theory. It makes sense, if the company has less operating cash flow how can they run a profitable business for the next earnings report?
Airlines Investment PlanAirlines are currently taking a beating and Throughput is decreasing drastically each day. At the beginning of March throughput via TSA was recorded at 2,280,522. On March 31st, throughput was recorded at 146,348.
68 TSA screening agents have tested positive for COVID-19 and Airlines will continue to suffer while throughput is low.
This makes for a great time to buy discounted shares in $UAL and $DEL
Plan:
Accumulate shares in Delta Airlines as well as United Airlines once a week or every $2 down for the time period that United Airlines and Delta are in their respective buy areas.
United Airlines and Delta will recover! The government will also likely bail them out!
Ask yourself this. 2 years from now what do you see the Airline Industry looking like? Are you willing to let your investment sit for 2 years?
If the bottom ends up being $5, great you likely were able to accumulate at $22.50, $20, $18, $16, $14, $12, $10, $8, $6 and more.
If the bottom ends up being $15, great you likely were able to accumulate at $22.50, $20, $18, $16 and more.
If the bottom is $23 you don't get a single buy-in, great you risked nothing. Do not purchase shares because you feel that you missed out on your target prices. Stick with your targets.
My goal is to get 5-20 buys of Delta/United in the buy area. If your unit size is $1000 each that is $5000-$20000 invested.
The goal is to hold these shares to a minimum of $45 each before I start exiting. I do not plan on exiting all at once.
American Airlines AAL ready to bounce yet?I've never traded airline stocks. I like AAL here though-seeing a potential broadening formation. I might consider a small position and set a target for that unfilled gap. Longer term, airline stocks appear cheap right now although I'm not ready to turn bullish on them yet. I'm just not that familiar with them.. but this looks like it has good potential.
UAL headed to $40Seems like a wild call. But around May-June timeframe I firmly believe United will be around $40, if not sooner.
This covid-19 disease has pretty much stopped air travel. You might think you saw your airport with people in there and other anecdotal stories. But I know many
But I can tell you that business travel has been cut to almost zero. I know this is a once in a generation event for travel, and for the airlines, it may be worse than the financial crisis. Maybe not worse but different. And the numbers have not even shown up in the books as of yet.
I am hoping United bounces closer to $70 this week on false hope... and then I will place a very large short.
Best of luck trading.
UAL (United Airlines Holdings), Time cycled trading!If you look at this time cycles you can see how we can predict the future using the past!
And we don't need to be an oracle to chose the Buy Zone place.
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United Continental triple top sigalling a further drop?United Continental Update
A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the 38% retracement (~$62), line 2 (~$60) and the 50% retracement (~$57.50)
A Major Bearish Cross For United ContinentalOn April 7, 2017, the United Continental Airlines ( UAL ) 50 daily moving average (DMA) crossed below its 100 DMA. Historically this has occurred 16 times and the stock drops a minimum of 1.016%. The stock has a median loss of 6.904% and a maximum loss of 47.248% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.1533. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, and has been trending up.
The true strength index (TSI) is currently -9.9279. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is down, but could head up soon.
The positive vortex indicator (VI) is at 1.1103. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been up, but has begun a slight retreat.
The stochastic oscillator K value is 79.2644 and D value is 84.3425. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is overbought and due to head down.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be neutral and possibly heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 3% over the next 10 trading days. Although this DMA cross has only occurred 16 times, other indications support a near-term drop of more than 1%.