UAL United Airlines Ready to Fall?
UAL surge up to 77.94 yesterday. It had surged more than 100% from the last few months. It is crazy this stock moved up like an AI play. Well, yesterday UAL had touched its high resistance line with gap filled and then close the day with a topping tail candle. Looks like UAL is getting ready to correct downward. I have been DCA on my short as I mentioned 2 weeks ago with average entry price now at 74.7. Target to correct down to 56 but may see a bounce at 65 then continue dowards. Will monitor this one closely.
Cheers
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Alster : 77.94, yeah that was crazy, I shorted at 77.8 yesterday and bought some put options
Alster : Seems like not much fall today, probably when oil rise back the fall will begin
Dr DT OP Alster : Yah no rush, not moving down but also limited up. Unlike the last few days always up. Need to digest the last of buy the dippers….
Alster : I really don’t understand, everyday there is net outflow but price still rising![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dr DT OP Alster : Seems like something fishy with options market trying to push UAL to 80. Anyways this is crazy and will come down hard at some point.
Alster Dr DT OP : Yeah you are right, probably will reach 80
Alster : Finally pulled back a bit, I almost got margin called![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dr DT OP Alster : Hopefully a much bigger pull back is on the way