United Continental Holdings Inc (UAL) - Head and Shoulders SHORT
Airline 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
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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.