July 28, 2025

ZION recently rallied into a resistance range around $56–58, forming a broadening wedge and inverted head-and-shoulders pattern that suggest the up-move may be losing steam.
Despite a short-term rally, technical indicators like RSI (~68) and stochastic are hovering at overbought levels, indicating limited upside and heightened risk of a pullback.
Institutional interest appears to be tapering off—recent volume spikes on down days hint at distribution activity.

Equity Short: Enter on a leg-lower breakdown—ideally after failing to hold above $56–57. Place a stop above $58. First target: $52, with potential extension to $48.
Options (Bear Put Spread): Sell the $55 put, buy the $52 put (October expiry). Structured risk to capitalize on a pullback toward support.

UAL has recently broken above its 200-day moving average and a multi-week consolidation range (~$89–91), supported by high volume—a key reversal signal in aviation equity trading.
Momentum indicators are positive: RSI sits in bullish territory (~61), MACD is trending upward, and previous bearish sentiment appears to be reversing.
Analysts have raised targets toward the mid‑90s and beyond, citing strong demand and pricing momentum in the sector.

Equity Long: Buy on a pullback to $91–92, confirming support holds. Place stop under $89. Targets: $97, with room to $100+ if momentum persists.
Options (Bull Call Spread): Buy the $95 call, sell the $105 call (October expiry), offering leveraged upside with controlled risk.

Ticker	Direction	Entry Zone	Stop Level	Target Range
ZION	Bearish	Rejection near $56	> $58	$52 → $48
UAL	Bullish	Hold $91–92 zone	< $89	$97 → $100+

ZION: Wait for a clear failure at resistance before entering. Watch for down-day volume spikes for confirmation.
UAL: Validate the breakout or higher‑low hold, ideally on volume, before entering. Sector momentum remains strong.
Both setups feature clear entries, defined stop-losses, and target zones. Trade size should align with risk threshold.