CFD Trading – Sell United Airlines Holdings Inc (UAL.NAS) @ $41.30. Stop @ $44.60 and Target @ $32.20

United Airlines Holdings Inc. Stock Code UAL.NAS

Outlook
Price dropped below the cloud on 25 January 2021 but managed to climb higher but the rally was capped by both the Conversion and Base lines. Last Friday, price broke below the cloud, which could be a sign of a possible bearish trend.  Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below  price of 26 days ago but is  above the cloud at the moment.  MACD is bearish. If price is unable to move above $44.50, it could be heading towards the support at $32.17.

Strategy                  
$41.30                Sell
$32.20                Price Target
$44.60                Risk Management Stop
3 weeks              Trade Duration

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