United Continental Holdings UAL is on its 4th day of bullish consolidation. This pattern formation occurs when a stock pops higher, then goes sideways for a period of time in a tight range. I have seen it numerous times and it does have a high success rate when read correctly :)
Note the chart below as that exact pattern is forming. This also may signal a drop in oil prices coming in the next week or two. Lower oil is often times a positive for the airlines. ohh I love it!!
Note the chart below as that exact pattern is forming. This also may signal a drop in oil prices coming in the next week or two. Lower oil is often times a positive for the airlines. ohh I love it!!
Airline stocks ready to pop! Check out how I'm going to trade it...
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