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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. However, the stock has broken up through an important long-term fibonacci resistance level at 25.84 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 48.95.
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 39.24 and at 48.95. If the stock breaks up through resistance at 39.24 then it will probably continue higher to 48.95. The 200-day moving average is at 62.72. This will also act as resistance. The stock is slightly oversold according to the Stochastic Indicator (25.17).”
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