Tuesday, April 9, 2013

UAL April 9 2013

UAL Has Done Well Over the Past Year

People no doubt thought I was crazy when I was talking about UAL a year ago.

Sometimes I like simple charts as above, but sometimes a bit more complexity shows you some things you can only intuit from the simple chart. Note where I placed that stop, and why.

The volume profile is very telling. You want to avoid the volume-less zones as much as possible on the way down.

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