United Airlines relinquishes early gains - Analysis - 02-06-2023

Economies.com
2023-06-02 12:25PM UTC

United Airlines Holdings' stock (UAL) closed lower in the intraday levels, ending a volatile session with a 0.12% loss, or 6 cents, and settling far from the session high of 47.41, amid the dominance of the upward medium-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect the stock to return higher, targeting the pivotal  resistance of 53.26, provided the initial resistance of 47.80 was breached.

 

Expected trend for today: Bullish 

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