The coronavirus covid-19 storm has shattered United Airlines since it all began a few months ago, at the beginning of March 2020. Should I buy United Airlines stock? #AAL sold off very strongly, which can be an unsustainable move. There were supply and demand reasons for the stock to drop. The coronavirus and lack of flights did the rest.
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. Below is what I am talking about in the United Airlines stock monthly timeframe analysis. Expecting the price to rally much higher, and a great buy opportunity.
The European Commission recommended the temporary restriction on nonessential travel to the EU to its member states. Which was due to expire on May 15 and should be extended until June 15.
It’s not hard to see what this means for United Airlines and other airlines worldwide. It means fewer flights to and from Europe for United Airlines in this case, less demand for new aeroplanes and for maintenance services on existing aeroplanes for Boeing, and fewer parts needed from Spirit AeroSystems company. All in all, buy opportunities at a bargain.
Many investors think the coronavirus is still the driving force behind the stock movement. It’s supply and demand and fear, not a virus. Buying shares of United Airlines is a good idea now since we expect a new bullish leg in the following months. Join our supply and demand stock trading course to learn how to trade using our supply and demand trading strategy.
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