UAL1 trade ideas
Bracket trade UALGood gap up and now 2 inside days, looks like a bullish or bearish entry depending on how it breaks. I am guessing bearish, we will see.
UAL Approaching Support, Potential Bounce!UAL is approaching our first support at 78.91 (horizontal overlap support, 100% fibonacci retracement, 50% fibonacci retracemenet) where a strong bounce might occur above this level pushing price up to our major resistance at 88.11 (50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
UAL continuation96 Relative strength rating. Nice consolidation during market rout. One of the strongest in Airlines group.
On weekly recovering from small pullback after breaking out of long base.
Possible top?Possible top
Cycle sinewave overbought
Top of rising wedge?
Possible Head and shoulders top?
