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Ualshort

United Airlines in a bear flag.United Airlines Holdings - 30d expiry - We look to Sell a break of 48.38 (stop at 50.38) Prices have reacted from 58.23. Short term bias has turned negative. Price action is forming a bearish flag which has a bias to break to the downside. There is no clear indication that the downward move is coming to an end. The trend of higher intraday lows has also been broken. Our profit targets will be 43.38 and 41.38 Resistance: 50.66 / 52.00 / 54.90 Support: 48.55 / 47.00 / 46.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:UALShort
by VantageMarkets
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
UNITED AIRLINES; Ready for Take Off or Have We Not Even Landed?✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Good morning, this is your captain speaking 👨‍✈️, looks like United Airlines (UAL) may be in for turbulence depending on the reaction at support here. Today we are looking to see if UAL is going to retain its short term uptrend, giving us a smooth landing, or if we are going to be looking at a double bottom or lower. --- 1. Fractal Trend is showing a downtrend (Red background color) for UAL on the hourly chart. 2. Breakaway Scalper is currently neutral (Grey bar color), so we have no trade. 3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. We enter short on opposite conditions (Red on Red) and otherwise want to be in cash. 4. While there is still a question if airlines in general are bottoming or are going to see more downside (many airline charts look like this, as does the airline ETF JETS), for now we are still holding support as illustrated on the chart. 5. If supports holds, we will be looking for reactions at R1 and R2 resistance. After that we have the top of the current price structure at R3 and then otherwise bearish order blocks at R4 - R6 which were formed on the way down. 6. Support levels below include the bullish order blocks at S1 - S3. 7. It is likely the fate of the airlines is tied overall to the market's reaction to the state of COVID and the economy. Do we reopen and start getting back to normal? That is of course bullish for airlines. Do we try to come out of hiding only to see our shadow and then find ourselves with weeks more of lockdown? In that case there could be a chance airlines haven't even landed yet.
NASDAQ:UAL
by AlphaBotSystem
United Continental Holdings Inc (UAL) - Head and Shoulders SHORTAirline stocks have been poor performers, despite the short term pullback in crude oil recently experienced. UAL's peers seem to be in an downtrend and with the formation of the head and shoulders formation, any break of the neckline would indicate a short. Additionally on the chart above we have the MACD turning negative , RSI falling and a daily squeeze pushing to the downside. Previously similar price action has played out with price breaking from $86.00 and finding support at $78.00
NASDAQ:UALShort
by mmac8