UAL trade ideas
we should see a rally in airlines over the next 4-8 weeksAlthough current channel may change trajectory should hold as we see the industry running more flights by second week of July and economic restrictions relaxing across the globe
United Airlines Elliott Wave PerspectiveDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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UALLook to your short term resistance. This name, all things remaining equal, will run. Gods speed.
Trumps really been quiet about china, recent approval of further stimulus. Big daddy wants it bad!
UAL pitchforkLooks like this pitch fork is about to invalid. Looking for a continuation upwards along with the wider market. Give me a thumbs up if your with me RODROD
UAL longThis is my first look for RODROD. Im about to get more indepth give me a thumbs up if your seeing this
UAL: Descending channel1.Descending channel
2.Price broke out
3. TP1 @ 43.16
TP2 @ 48.96
TP3 @ 57.93
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UAL Bull trend Identification and potential Profit Zones!!For those looking to go short on UAL, I have identified the following potential bull trend in the short where you may be able to cash out some profit. The RSI is just at 60 suggesting the potential of a bullish rally continuing today and the MACD is divergent too further supporting the potential of a bull rally. TD Sequential also suggests that the trend is yet to exhaust and reverse as the counter of most recent candle is 5. Most importantly, a common trend after gap ups has been identified, where a mini bull rally happens, which can be easily missed as it often tends to dump afterwards.
Take Profit Zone - From 46.8 - 48 region
If going long, take this with a pinch of salt as it doesn't apply. Also account for the possibility of consolidation which I may have not taken into account but still remains fully probable as the second wave is still scaring people.
United Airlines $UALEntry. $39.88
S/L $37.88
TP1 $57.83
TP2 $67.27
12 months Consensus Price Target: $64.64
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UAL: Rejected 49,41$ after Gap fill and reversed.UAL rejected 49,41$ after Gap fill and reversed.
200MA = Bearish
250RSI below 50 = bearish
Currently sitting on 39.03$ support.
Even with ascending volume, PPS won't move North. Selling pressure is high.
If confirmed, Target #1 = 32,71
Target #2 = 19,63$
UAL Monthlyto early to tell as the second wave fears may also bring it down to lesser levels, good support held from 2006.
$UAL United Airlines Chart Review
So has a 35% decline this week brought a fresh buying opportunity?
The RSI was overbought but has now found support on previous resistance.
Buyers bid step in before the close yesterday and European airlines have recovered strongly today.
I have included some upside resistance levels/targets to use during today's session.
Moving averages must also be considered as resistance having provided such reliable support
from the lows.
UAL RetestUAL has retested its prior breakout level of $33, looking for it to remount and make a push back towards the prior highs of $48 range
United Airlines - Long - Recovery after lockdownFirstly, I apologise for the chaos you have been presented with, I would have tidied it up but after being 'in the zone' to this extent I tend to forget how I reached my pattern-based conclusion, but I remember each reference line was of use at some point.
Fortunately, there is the 'pattern-reality' integration process to provide the comfort of logical reason.
It is obvious that the decline in UAL share price is as a result of the COVID-19 epidemic, the STD passed on to humans by Batman. It is therefore sensical to analyse the circumstances regarding the virus to reach a sound conclusion.
Many of the areas which are currently restricting United Airlines ability to operate will soon benefit from summer temperature rises, known to reduce the viruses survival time, based on previous analyses of a similar agent which are recorded here:
www.who.int
Awareness of how to prevent the virus spreading by members of the public as well as medical professionals is continually improving.
These 2 factors combined with the sad reality that the most vulnerable will unfortunately pass in the next couple of months, means that talk of increasing internal flight schedules will begin, undoubtedly benefiting United Airlines. As a result, investors are likely to start ruthlessly capitalising on the effects of mass tragedy by buying shares in anticipation of the value returning to it's position prior to the outbreak.
Possible circumstances which would prevent this sequence of events from unfolding include a mutation of the virus (deemed unlikely to be such that it poses a noticeably greater threat) or the theory that the virus is in fact a distraction whilst a shadowy global organisation begins implementing 'project bluebeam' being proven to be correct (also deemed unlikely).
short term short sell opportunity in UAL stockreturn with respecting resistance area and hav e a shorting opportunity at retracement of stock
also breaking trendline
$UAL United Airlines Review
Expectations may be a little to high for the airline stocks to sustain the moves of last week.
Upside targets to consider are the 100MA and strong Horizontal resistance at $53.00.
Possible support levels to consider.=
- Monthly Support level $41.05
- Gap fill at $39.85
- Daily support $34.03
RSI is high and needs a pullback.
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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 Upside Targets
The rally in Airlines look set to continue as Europe begins to plan for opening up its borders
Stock is entering a volume gap with possible upside to $44.00 while market remains strong
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