United Airlines Post Earnings Reaction

$UAL

UAL 0.00%↑ reported yesterday, and all things considered, I feel the market reaction thus far has been positive.

The Oct’24 gap was filled coming into the release, and there is a confluence around $76 with the 200 day moving average and 50% of the move from August of last year through January of this year (which I would consider a good peak to trough cycle).

If the broader market isn’t in sell-off mode, I think this has a good chance to reach at least that $76 level. If it can clear that hurdle, it becomes even more attractive as a long idea.