Will the Rounding Bottom hold or fail? Plot your targets on the chart.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Traders are watching United Airlines Holdings (UAL) as price action tightens. With a last close of $97.2, volatility remains active (2.1%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 9.9/100, suggesting moderate momentum. A potential breakout level is identified at $84.64, targeting $50.34 with support near $102.5 (R:R 1.92).
What is your outlook on UAL?