United Airlines Holdings Inc (UAL) “On a long-term technical basis, the stock (UAL) is trading below its 200-day moving average which generally implies it is in a negative trend. However, the stock has broken up through an important long-term fibonacci resistance level at 30.79 suggesting the long-term down trend could be turning neutral. If this new level of support at 34.04 holds, look for a move higher to the next resistance level at 43.25.

The stock has support at 34.04 and 31.84. If the stock breaks down through support at 34.04 then it will probably continue lower to 31.84. The stock has resistance at 39.78 and at 43.25. If the stock breaks up through resistance at 39.78 then it will probably continue higher to 43.25. The 200-day moving average is at 66.95. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (84.55), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”