UAL Approaching Support, Potential Bounce!
UAL is approaching our first support at 78.91 (horizontal overlap support, 100% fibonacci retracement, 50% fibonacci retracemenet) where a strong bounce might occur above this level pushing price up to our major resistance at 88.11 (50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.