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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 31.67 suggesting the long-term down trend could be turning neutral. If this new level of support at 39.78 holds, look for a move higher to the next resistance level at 56.24.
The stock has support at 39.78 and 34.04. If the stock breaks down through support at 39.78 then it will probably continue lower to 34.04. The stock has resistance at 43.96 and at 56.24. If the stock breaks up through resistance at 43.96 then it will probably continue higher to 56.24. The 200-day moving average is at 67.56. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (83.43).”
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