Rising momentum is seen for UAL after mid-term stochastic oscillator performs an oversold crossover and rising momentum. Furthermore, the 23-period RSI has rose steadily above the zero line.
Meanwhile, price action saw a strong potential inverted head and shoulder with an ascending triangle in place. Ichimoku's conversion and base line has performed a crossover, indicating an early signs of uptrend returning. Will buy spot or wait for a small retracement until 73.46. or 68.00 to enter a buy. 1st target at 100.00
Meanwhile, price action saw a strong potential inverted head and shoulder with an ascending triangle in place. Ichimoku's conversion and base line has performed a crossover, indicating an early signs of uptrend returning. Will buy spot or wait for a small retracement until 73.46. or 68.00 to enter a buy. 1st target at 100.00
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