Tuesday, 19 November 2013

UAL - breaking new heights

Whilst the main market saw moderate chop, United Continental (UAL) jumped higher at the open, and held at least some of the gains, settling +3.9% @ $37.79. If UAL can hold the breakout for a few more days, it bodes for much higher levels.

UAL, daily


Suffice to say, the mid/long term trend remains broadly bullish, and UAL is once again attempting to break..and hold the $37s.

If this is achieved...then primary target is the double top of 2007, the $48s. That is possible as soon as late spring 2014..so long as the main market continues to climb.