Tuesday, 9 May 2017

UAL - do they show Jeopardy inflight?

Whilst the main market saw a day of minor chop, there was notable strength in United Continental (UAL) which settled +4.8% at $78.55. This was a massively bullish technical breakout to new historic highs, and offers much higher levels into 2018.


UAL, daily



Summary

The company/stock is clearly still massively tainted after the recent 'incident', which was politely settled out of a court room.

Today's push upward was a massively important bullish breakout, with the 76/75s now first short term support. Arguably, the mid term outlook is bullish unless a break <70.

It can be expected that mainstream chatter of '$100' will soon begin, and some will understandably be surprised considering the very negative publicity.

--
Meanwhile... the CEO for Qantas...





... which leads to...



Does UAL or any airline have Jeopardy as inflight entertainment, especially in late afternoon?

yours... prefers... trains.