UAL Bull trend Identification and potential Profit Zones!!
For those looking to go short on UAL, I have identified the following potential bull trend in the short where you may be able to cash out some profit. The RSI is just at 60 suggesting the potential of a bullish rally continuing today and the MACD is divergent too further supporting the potential of a bull rally. TD Sequential also suggests that the trend is yet to exhaust and reverse as the counter of most recent candle is 5. Most importantly, a common trend after gap ups has been identified, where a mini bull rally happens, which can be easily missed as it often tends to dump afterwards.
Take Profit Zone - From 46.8 - 48 region
If going long, take this with a pinch of salt as it doesn't apply. Also account for the possibility of consolidation which I may have not taken into account but still remains fully probable as the second wave is still scaring people.
Take Profit Zone - From 46.8 - 48 region
If going long, take this with a pinch of salt as it doesn't apply. Also account for the possibility of consolidation which I may have not taken into account but still remains fully probable as the second wave is still scaring people.