Dec. 19 at 3:45 PM
$UAL: Actionable Trade Alert
Market Context: United Airlines has shown strong upward momentum, closing at
$112.85. The RSI at 69.11 indicates it is nearing overbought territory, suggesting caution. However, the price is above both the 30-day MA (101.0) and the 50-day MA (99.7), indicating a bullish trend. The recent high of
$114.83 presents a potential resistance level.
Directional Bias: Bullish, but monitor for potential pullbacks due to the high RSI.
Trade Plan:
- Suggested Entry:
$112.85
- Stop Loss:
$109.00 (below recent support)
- Take Profit Targets:
1.
$115.00 (2% gain)
2.
$118.00 (4.8% gain)
3.
$132.00 (17% gain)
Target 3 offers a significant ROI, aligning with the recent high and potential breakout. Monitor price action closely for adjustments.
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