Can SAVE reverse from a lower low LONG

Apr 25

SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk

in a falling wedge with episodic trends up in the wedge. At present price is at the longer

support trendline of that wedge. Relative strength reflects an oversold and undervalued

condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a

long trade here as SAVE's trend down may be overdue for a correction. I am looking for a

swing trade of 20&% overall with the targets on the chart.

Apr 30

Trade active

SAVE moved up. Stop loss modified to a trailing 3% stop loss. Profitable trade. Full position.

Apr 30

Note

Zoom- in showsa golden cross and bullish momentum

May 2

Note

Holding for a reversal from a double bottom.

May 13

Note

First target hit- 25% of the position closed to realize profit.