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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. The stock has broken down through support at 43.01, so look for new support at 30.50.
The stock has support at 31.84 and 28.23. If the stock breaks down through support at 31.84 then it will probably continue lower to 28.23. The stock has resistance at 34.04 and at 39.78. If the stock breaks up through resistance at 34.04 then it will probably continue higher to 39.78. The 200-day moving average is at 66.71. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (76.73), 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.”
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