Yesterday I took the trade on
UAL
as the price pulled back to key support after we broke the 50MA.
The price is doing great today, my short target is around the $43 level but we have much more possibility for upside in the medium term.
The MA's are sloping up indicating a bullish momentum in the short term.
Oscillators are showing overbought in the short term, hence my comment on the $43 level, but the MACD is suggestion the bullish move just began.
If this was helpful for the readers, follow me for more trade ideas.
Thank you,
BK
UAL
as the price pulled back to key support after we broke the 50MA. The price is doing great today, my short target is around the $43 level but we have much more possibility for upside in the medium term.
The MA's are sloping up indicating a bullish momentum in the short term.
Oscillators are showing overbought in the short term, hence my comment on the $43 level, but the MACD is suggestion the bullish move just began.
If this was helpful for the readers, follow me for more trade ideas.
Thank you,
BK
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