$UP Medium Long-Term OutlookWheels Up Experience A (NYSE: NYSE:UP ) has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development.
NYSE:UP is trading near the bottom of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price lower, but the stock has started to lose downward momentum. This is a positive sign for the stock's future value.
NYSE:UP is between support at dollar 2.40 and resistance at dollar 4.00. A definitive break through of one of these levels predicts the new direction.
