UAL
Lots of rotation in the travel sector and UAL was hit a good amount today in flow. RSI is a bit high so looking to enter around $48 if it continues with volume or a pullback to occur and then try and get in around $46 or so. If it can break through that weekly fib it has some room to run.
Long term pros:
Stimulus news is upcoming + vaccine rollout.
Still down about half from COVID highs
Short Term Pros:
Lots of flow
Long Term Cons:
Airlines may never pick up where they were before in terms of price
Vaccine Rollout
Short Term Cons:
RSI looks to be a bit high so a pullback is due
PT:
$54 by the end of March depending on if pullback occurs
Invalidation:
$44
Long term pros:
Stimulus news is upcoming + vaccine rollout.
Still down about half from COVID highs
Short Term Pros:
Lots of flow
Long Term Cons:
Airlines may never pick up where they were before in terms of price
Vaccine Rollout
Short Term Cons:
RSI looks to be a bit high so a pullback is due
PT:
$54 by the end of March depending on if pullback occurs
Invalidation:
$44
Nota
This blew through PT1 the next day. Could see some consolidation over the next few days
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.