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fximperija
May 4, 2014 8:31 PM

$ALK topped? Short

Alaska Air Group, Inc.NYSE

Description

ALK tremendous bullish trend might have reached a short-term top @96. The significant double bottom followed by a double top seems to stop ALK to rise further at the moment. A possible short to 86.71 or even 82 is likely, according to RSI divergence.
Comments
fximperija
ALK pulled back from double top at the moment, from 96 to 95 as resistance. However the PA is still in highs and possible break of 96 is in play.
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