UAL upside potentiali`m expecting a bounce from the $40 support level to the $49.20 resistance.
So there`s a 20% short term upside potential in United Airlines Holdings, Inc. (UAL) in my opinion.
Looking forward to read your opinion about it.
UAL trade ideas
UAL Monthly Prediction GOING LONG !!! Good morning everyone, here is United Airlines on the monthly time frame. I will let you know right now, this is a LONG HOLD. That means it will take some time to reach target but the odds are looking really good. Expect some turbulence along the way up with some complex pullbacks, but almost all airlines are in a similar path. UAL, DAL including cruise lines like CCL. Hope this helps, HAPPY TRADING everyone !
I am more than happy to also predict other charts for you whether it's Fore, Crypto or Stocks, love helping other traders out. Reminder though, these are just my personal predictions, Trade at your own risk.
Feeling pretty bearish on $UAL.Feeling pretty bearish on $UAL, it's at a supply level and is at the 61.8% level of the fib too.
UAL Confirmed Head and Shoulders Neckline Break and RetestThis is a bearish continuation on my Earlier post of a Potential Right Shoulder Setup and it is also earnings today. I suspect we will continue going down today after earnings release and continue towards the targets of the original setup which can be found in the related idea section below.
Closed (IRA): UAL January 21st 47 Covered Calls... for a 45.41 credit.
Comments: A late IRA house keeping post. This is the last of my reopening trades. My cost basis in my shares was 43.05 (See Post Below) with a bunch of scalping around my covered call. A 2.36 ($236) winner that I'm glad to see the back of, since we have earnings in 11 days, and I'd rather not have single name risk in my IRA.
UAL Bullish inclined Naked Puts 10 Dec Expiry (Dec Track 1)Whats The Plan/Trade/Thought
This trade is slightly risky as it is not an ETF. But it's current price movement mirrors JETS etf and this will allow me to get a decent price based on my outlook on travel as a sector
Overall we are seeing Leisure and Hospitality with the largest job gains (Oct data). However in terms of Job postings, while all sectors are seeing increases. Hospitality & Tourism have the lowest postings
If you look at the high Job Gains and the low Job Postings. We can make the assumption that people are filling up Leisure and Hospitality jobs easily but the supply of jobs is just not enough for the number of candidates available.
This also means that the Leisure and Hospitality sector are being very very cautious and this is reflecting in the price movements despite the largely bullish S&P moves. However it is not contrarian, just dulled and pensive
UAL in Oct has also posted higher than expected revenue but is still below 2019 numbers (Before COVID19)
UAL has made higher lows in the past 2 months
I Feel
I feel I have a good assumption that is a reflection of the current market movement. I am also not predicting any direction in my analysis
Imagine Yourself Taking The Other Side
This is an easy position to take the other side even if I was bullish. The price is currently ranging and while it has previously broken the resistance line at 51. It has whipped back below the line.
It is possible for it to continue to range down to 43.20 and still hold true to my thoughts on the sector
Imagine Yourself As A Neutral Observer
This trade is slightly worrying based on the position of the Strike within the range.
But if I follow the overall market bullishness I feel we are at least standing on the right side of the fence.
Look For New Information
No new information, but current price movement on the 15 Nov has not followed Friday's drop and feels like it is testing the S&R line
How Do I Feel Now
I'm going to look at it from an hour, breath and then enter if nothing comes up
Trade Specs
Sold 160 Puts @ 0.33 - Strike 44
% to Strike 12.23%
ATR % is around 1%
BP used 70k
Max Gain: est $5280
$UAL Three black crows on the weekly chart.Biden travel restrictions are likely to run this company into the ground.
The writing is on the wall, with the airline advertising European destinations at heavy discounts.
All these routes will be lost. Travelers have had enough of the harassment at the airports and have canceled their trips.
Any and all pullbacks should be short-sell this winter.
United Airlines Preparing For Take-OffLooks like United Airlines (UAL) is preparing for a long run.
1 Hr shows significant oversold.
Still way below pre-Covid prices and reported a 450% increase in Holiday bookings.
This is a no brainer.
Price target around $75 - 80
Potential 60% gain!
Patience is Key!
Shooting Star Reversal at a Potential Right ShoulderI will be targeting a 30-50% decline in price from here on this Head and Shoulders trade.
UAL: Potential Elliot Wave DevelopmentThe price completed an ABCDE correction in the form of a descending channel.
Actually, we can anticipate another move up that may continue to develop as another impulsive wave.
Targets:
49.80
52.00
54.90
Thank you and Good Luck!
UAL: Update - Potential Elliot Wave DevelopmentAfter the price completed an ABCDE correction in the form of a descending channel we saw a small downward movement that tested the low of the pattern again.
Now the price is showing a clear direction of what I was expecting previously.
Actually, we can anticipate another move up that may continue to develop as another impulsive wave.
Targets:
49.80
52.00
54.90
Thank you and Good Luck!
Previous idea:
Ual trade plan Ual Resisted the urge to fill the gap below and has formed a very nice inverse h and ascending triangle. Personally i am more bullish at the moment and in the long run hit it has to fill the rest of the gap eventually.
Closing (IRA): UAL November 19th 48 Covered Call... for a 47.62 credit.
Comments: With a cost basis of 45.56 (See Post Below) and only .38 of extrinsic left in the short call, taking profit on this puppy here on this up move. 47.62 - 45.56 = 2.06 ($206) profit. Still have the January 47's on.
UAL - Falling wedge break out.Falling wedge break out below VWAP.
Above VWAP ,it will reach the target 1 . (Recent high)
MACD curling
Stoch RSI : Bullish
Ual trade plan Ual can go either way on this descending triangle, around 45 there seems to be a strong support
UAL:not a good price to longmay continue falling to finish shark pattern
and ema12 hasent cross ema55 yet
United Airlines $UALLet's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back! Surprisingly, their assets have been increasing annually steadily since 2014. Also seems as if pre covid, they had a stable growing total equity which is impressive. Although their operating activities has been hit by the storm, they've seemed to hedge that by managing their investing activities and financing to some degree. Having a recent quarter where they reported a 1.81B FCF increase was a nice piece of new data to pick up on. If i'm being honest, this company looks damaged to me and possibly over valued for where it's in nature of everything that is going on in the world right now. However, there has been some recent news about the White House lifting the international travel ban for airline Nov. 8th. United has the most international traffic ranking 7th amongst airlines globally and 1st within the states. With recent news as of 10/14/21 with them expanded their flight capacity to 10 new flights and 5 new destinations internationally, this is some of the biggest news they've had in a long time! I'm looking forward to seeing how this plays out!
UAL longUAL Corp. provides air transportation services through it's subsidiary, United Airlines, Inc., in North America, the Pacific, the Atlantic and Latin America. It offers transportation of passengers and cargo. The company operates 3,400 flights and 200 United States domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington. The company was founded in 1934 and is headquartered in Chicago, IL.
Analyst Price target : USD 57.83
Hedge Fund Trend: ▼ Hedge Funds Decreased Holdings by 2.8M Shares Last Quarter
Insider Activity Trend: ▼ Corporate Insiders Sold Shares Worth $3.7M in the Last 3 Months.
New Sentiment : Neutral
Technicals : Positive
After the recent bullishness in prices and the sector finding renewed interest, few things have happened
1. Triple bottom on charts - bullish
2. Breakout with good volume : Bullish
3. Sector breakout : Bullish confirmation
4. Friday close makes price sit right above the 200 day MA
if price sustains above 200 Day MA, its a very bullish sign for things to come . Stay Long!, price targets on the chart
GartleyEarnings 10-19 AMC.
The Gartley pattern is a harmonic chart pattern, based on Fibonacci numbers and ratios, that helps traders identify reaction highs and lows. In his book Profits in the Stock Market, H.M. Gartley laid down the foundation for harmonic chart patterns in 1935.
There is an impulse wave or leg in the bullish version, XA, and it is a move up. In the bearish this leg is a move down. The retracement leg, AB, should hit right around the .618. This one hit just about on the dot. The final leg, CD should hit right around the .786 of XA.
Possible stop under D
No recommendation
BUY UAL 11/10/2021You can buy UAL target 54 stop loss 46.75
money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
Follow-up on UAL reversal: triple bottom confirmed todayBearish price action of UAL has been on my radar for a hot minute. Long-term support held in mid-July, followed by a break from the channel. RSI divergence suggested a possible reversal, leading to a second bounce at the long-term support. We now have the third bottom at this ascending support, a bullish signature. We can now see the enclosing triangle and extract a price target of $51-$52. It is crucial that the $44 support remains uncompromised in the coming days to validate the pattern.
10/3/21 UALUnited Airlines Holdings, Inc. (UAL)
Sector: Transportation (Airlines)
Current Price: $51.34
Breakout price trigger: $50.00 (hold above)
Buy Zone (Top/Bottom Range): $49.60-$46.80
Price Target: $52.80-$53.20 (1st), $54.90-$55.60 2nd)
Estimated Duration to Target: 25-27d (1st), 67-70d (2nd)
Contract of Interest: $UAL 10/15/21 52c, $UAL 12/17/21 55c
Trade price as of publish date: $1.40/cnt , $2.49/cnt
