United Airlines stock chart analysis

Discussion in 'Stock picks and trading strategies' started by rgakalo, Apr 13, 2017.

  1. rgakalo

    rgakalo New Member

    Incident with United Airlines has inspired me for price-volume analysis of their stock chart ) So far the picture seems very bullish to me, especially stocks reaction to the negative news.

    I don't trade stocks otherwise I would have definitely bought it at the open today. Enjoy the chart and let me know what you think.

    UAL.jpg
     
  2. newstockguy

    newstockguy New Member

    good buy opportunity here.
     
  3. ineedupticks

    ineedupticks Member weekly contest winner penny contest winner

    fundamentally i would buy it for long term. technically, i think we see $60 in the near future
     
  4. rgakalo

    rgakalo New Member

    it is difficult to say now, but despite the bearish appearance and yesterday's supply bar I still expect it to make new high. However, I would definitely exit the long trade mentioned in my post above at 67 and wait for a better re-entry opportunity to appear.

    2017-04-19_0941.png
     
  5. ineedupticks

    ineedupticks Member weekly contest winner penny contest winner

    i actually set up a calendar spread using june and may 65 puts
     
  6. ineedupticks

    ineedupticks Member weekly contest winner penny contest winner

    assuming it sits around 65 by my may expiration, i should see almost 200%
     
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