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UTD AIRLINES HLDGS DL-,01UTD AIRLINES HLDGS DL-,01UTD AIRLINES HLDGS DL-,01

UTD AIRLINES HLDGS DL-,01

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UAL1 trade ideas

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.
NASDAQ:UALShort
by obedenatana
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).
NASDAQ:UALLong
by Ideot
10
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.
NASDAQ:UALShort
by xcbickel