Should I buy United Airlines stock?

United Airlines has been shattered by the coronavirus covid-19 storm since it all bean a few months ago at the beginning of March 2020.

Should I buy United Airlines stock? #AAL sold off very strongly, what we can an unsustainable move. There were supply and demand reasons for the stock to drop, the coronavirus and lack of flights did the rest.

Buy United Airlines right now #UAL

Now we have the opposing scenario, we are expecting United Airlines to start rallying again. It’s a very cheap stock right now, trading around $11 per share, a bargain and a lot of profit margin, a good stock to watch and buy long term.

You can see what I am talking about in United Airlines stock monthly timeframe analysis below. Expecting price to rally much higher and great buy opportunity.

Should I buy American Airlines stock?
Should I buy United Airlines stock?

The European Commission issued a recommendation to its member states that the temporary restriction on nonessential travel to the EU. Which was due to expire on May 15, should be extended until June 15.

It’s not hard to see what this means for the United Airlines and other airlines around the world. It means fewer flights to and from Europe for United Airlines in this case; less demand for new airplanes, and for maintenance services on existing airplanes for Boeing; and fewer parts needed from Spirit AeroSystems company. All in all, buy opportunities at a bargain.

Should I invest in United Airlines?

Many investors think that the coronavirus is still the driving force behind the movement in the stocks today. Really, it’s supply and demand and fear, not a virus.

You can view more analysis in our technical analysis of stocks page.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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