Wednesday, 8 January 2014

UAL - headed comfortably higher

Whilst the main US equity market continued to see minor price chop, United Continental (UAL) soared, closing +6% @ $41.02. Primary upside target remains the 2007 double top high in the $48s, which seems viable with the next few months.

UAL, daily


There is little to add from a recent post.

Certainly, I don't expect a straight run to the $48 target in the current multi-day rally, but by late spring...UAL will surely have tested the $48s.

A monthly close >$50..would be something exceptionally bullish this year, and bode very well for 2015.