oerboom

Follow-up on UAL reversal: triple bottom confirmed today

Long
oerboom Mis à jour   
NASDAQ:UAL   United Airlines Holdings, Inc.
Bearish 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.
Commentaire:
Nailed it
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