UAL has been consolidating for some time. After a period of consolidation the bollinger bands start to squeeze closer together near price. Typically this lead to a breakout of the consolidation where prices squeezes outside of the bollingers bands for a breakout. I suspect this will lead to a breakout to the 43-45 area.
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.
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.