The Long Investor
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$UAL
🕑 Added 2025-04-01 14:06:58 +0000 UTCAirlines are all taking a hit at the moment, a combination of less traveling between the US and Canada, a reduction in government travel, a weakening outlook and a potential reversal of oil prices have spooked this sector.
$DAL was one of my best performers in 2023-2024 and I would happily add this position once it is lower
$UAL is still (just about) holding onto its impulse wave but a drop below $63 and we can no longer consider the impulse wave valid as it infringes upon the top of Wave 1
If this happens then I would be looking for a retest of the 200 Day MA at $50 next, which would be a sharp decline from $115 to $50 in 2025.
