United Continental Holdings (UAL) bear-flag on multiple time frames 

united continental short swing trade setupStock: United Continental Holdings (UAL)

Long or Short: Short

Entry: 24.11

Stop-Loss: 24.73

Chart: United Continental Holdings (UAL) Daily

United Continental Holdings UAL head and shoulder bear flag short setup

Reason for Trade: UAL has set up quite nicely to the short side, with the bear flag on multiple time frames as well as the be head and shoulders pattern that looks imminent. If this stock plays out the way I think it should, then the stock will be trading at $23.00 in no time. 

I traded this stock to the long side prior to the 787 Boeing fiasco, the ultimately nullified the trade for us, so I’ll be quite thrilled if I’m able to make up for that loss with a solid gain on this trade. 

But careful though, this market is showing a lot of volatility suddenly and the potential for rapid whipsaws in this market is escalated. So trade prudently out there. 

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