4UAL trade ideas
UPDATE: UAL (IRA) SEPTEMBER 24/30 COVERED STRANGLE ... ... with a cost basis of 55.80.
Notes: As with my CCL trade, updating this setup so that it appears farther up in the queue. A continuation of a monied covered call play. (See Post Below).
UPDATE: UAL (MARGIN) DECEMBER 18TH 21/55 COVERED STRANGLE... with a cost basis of 47.77.
Notes: "Knock. Knock. Knock. Housekeeping!" Another housekeeping post, here, of a broken short strangle on which I was assigned long shares. (See Post Below).
$UAL United Airlines Chart Review
Stock has found support on the rising 50ma.
Possible long above $37.00 above
confluence of Fibonacci resistance
Potential Target $41-$42.
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Getting Bullish on $UAL$UAL had a MACD Bullish cross to go along with an EMA cross of the 20 and 50 day coming off a big green candle the day before. That's enough confluence for me to get long with a long debit
call spread. I even got some positive Theta with this trade at the time the trade was placed.
ABC BullishPossible stop below 29.2
Airlines seem to be moving (o:
I own this one but I do not recommend it. Am thinking it will be a bumpy ride but I hope not
Possible T2. 68 to 79
multiple bearish technicals For starters a short term signal is the 1 minute 50ma line crossing the 200ma at the same time the price crosses and closes below the 200ma. Second indicator is a resistance line from May that has held the price back on 3 prior occasions. Third indicator is a short term bear signal of the price breaking out of a rising wedge. The price should now begin to approach support around 29, and is likely to return to sub 20s over the next several months.
UAL short to $28 and than long to $55.This is not a trading advice. I'm only sharing my ideas.
I expect UAL to follow the channel, dump to $28 - $28,5 and then go up to $55.
$55 will be my sell target.
It sounds good but let's see what Covid has to say about this.
$UAL - Currently inside negative trend/channel Positive for long, only with breaking the channel above (+37$)
added to the watch list.
Horizontal support should be in the area of 29-30.
OBV with MA30 is the hint for trending overview.
Not for any advise
Just an Idea,
$UAL United Airlines Bearish
Very Bearish setup going into earnings.
Looks like the Fibonacci .65 level could get tested
8.8 RR ratio $UAL LongUAL Current: 33.77 UAL. Target: 37.55. Stop target: 33.4 Bullish wedge soon to test breakout with incredible RR ratio and a high probability. Sharing exact setup.
another possible scenariowe could begin seeing the filling of lower gaps as the Nasdaq heads into correction mode
