Long $UAL ($QQQ $SPY $SPX)Trend line bounce,
short time frame ABC wave completion.
Target : 48$
Stop Loss : 42$
UAL trade ideas
Turning point for UAL?Price action ending 19AUG presents an interesting scenario for NASDAQ:UAL . First, there is clear price divergence with RSI, a bullish indication. Today's candle suggests a (crucial) third touch on a dynamic support level in the 43.00 range, suggestive of a possible upward bounce. Finally, today's candle also presents a double bottom against this rising support level, again a bullish indication.
My positions in NASDAQ:UAL have been hammered in recent months, but I'm guessing that eventually the momentum will change direction. Today's candle simply presents one scenario for that change.
Bounce off trend line soon My assumption is that UAL will soon bounce off its trendline. Looks like Next month might finally be bullish for travel.
UP TREND here is our RSI confirming the up trend plus momentum in our side and no sings of over buying
if you entered at $48 i will say expect $10 return per stock in the next weeks or perhaps month
NO WORRIES , UP TREND ON A RED DAY any day this week we should bee seen a big step on this up trend
bullish days ahead
ual w3 setupthis is a risky one, but i have this feeling the travel sector is going to see a large influx of money over the coming days.
w3 target = $57
UAL Ready to go upBig trendline broken. -> New consolidation formed with 49.6 resistance, if it gets broken, we have free run all the way to 51.
ual setupshort airlines,
thank me later
i have this feeling, i can't explain it to you in words - but i'm going heavy into airline shorts from here.
look for 2022 expiries, give it some time - and one day, you'll wake up and be like "how did elo know"?
Take-off for UAL but it could be a dangerous flightUAL recently smacked a support level at around $48 and seems it could possible rebound to the upside. However there is very major catalysts for UAL to further within the coming weeks. Covid is still relentless as always and with the new 'Delta variant' proving to be more adaptive, and dangerous it could potentially impact the already suffering fundamentals of the airline industry. One thing going against the virus is the current vaccine rollout which is currently on par with expectations. This could then act as a buffer for UAL despite the new developing strains such as the delta and lambda variants.
As its currently summer in the US as expected flights have been increasing and interestingly enough even bet pre-Covid levels which is great news for UAL and other airlines.
From a technical standpoint indicators push a bullish narrative with the Bollinger bands, rsi and mean reversion being oversold signalling a buy opportunity.
Alot of support levels also were prominent where there was support level from the 32.8% Fibonacci level, linear regression aswell as the 180 day sma.
Overall it appears like UAL has momentum to launch from its current price, possibly to $53 prior to hitting a resistance channel. However due to the nature of the company negative news sentiment will be very influentially on the stocks price so be wary.
UAL BOOOOM SOOOOOOON- the chart show big bounce from the trend line and demand
- i see $5-6 quick play here by few days
Good luck you own your risk
I'm finical advisor
Decisive moment for UALUAL has been tracing out a choppy symmetric triangle since March 2021, and has also obeyed the key ascending support since the Covid meltdown of Mar-May 2020. UAL is now testing that key support again, and 3 distinct scenarios could play out. (1) Immediate upside bounce, (2) Re-test the $50 support and recover, i.e. false break-down, or (3) fail the re-test and fall into the sub-$50 range.
All scenarios end with the same target range of $57-$60, but just have different time horizons. Anyway consider placing your stops somewhere respectful of the "trap" losses at risk in scenario (2).
Long Term Bullish The airline sector is one I see doing very well this next quarter as travel picks up again. The chart for UAL looks bullish and it seems to be consolidating at the moment. A future dip to around the $50 level would be an entry point I would like. Any large scale correction of the overall market may decrease the value of the stock below the CL but long term I do expect to get to the $75-$80 toward the end of the year.
UAL Eliot Technical analysisIf you have checked airlines recently you would notice they had a good consolidation time and ready for the next run.
I like to see UAL under $50 but it may not happen, average volume is 11M, so check out the volume and any unusaal activity is a signal for the next run.
first target is $64 and the 2nd one is $76
proximate time 6-8 weeks
how bullish can one instrument get?
United orders 200 Boeing 737 MAX planes in huge boost for the jet program
Downside Target Reached UALLooks like we hit the downside target and now UAL should bounce back up. pre-market is confirming.
I am not trading this one, but my upside Target is still in play of $63.xx, however with the on-going pandemic narrative the airlines could get hit. Trade safe.
UAL two scenarios Personally, I believe airlines are starting to recover but there's no telling if UAL will hold and bounce or breakdown. Sitting by to watch for more clarity.
UAL's going for 77k USDUAL is in a channel up, going for the 77k USD
My biggest concern is the new covid delta variant, however pfizer vaccination used in the states seems to be working well.
