CFD Trading – Sell United Airlines Holdings Inc (UAL.NAS) @ $42.82. Stop @ $45.46 and Target @ $38.68

United Airlines Holdings Inc. Stock Code UAL.NAS

Outlook

The recent price rally was capped by the base line as well as the cloud and in the previous trading session, price closed below the cloud, hinting at a bearish price trend ahead. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend. MACD remains bearish and is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the previous low support at $38.68 in the next 1-2 week ahead.

Strategy                  

$42.82                Sell

$38.68                Price Target

$45.46                Risk Management Stop

3 weeks              Trade Duration

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