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henksaenen
Aug 21, 2017 11:20 AM

$ALK  Long

Alaska Air Group, Inc.NYSE

Description

News: Airlines not performing well in general

Observations: 
Weekly: Price in lng pullback towards the 200MA since Feb 2017 similar to what happened late 2015 until June 2016. So price may have a long way to go still but catching one of the upwards moves is the aim here
Daily: Support around $75-76 where it could bounce. This one might well be on my watch for longer term.
MACD: Still going down
RSI: like MACD strong downtrend still

Plan: Wait for the reversal and then make a definite plan
Shares:
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Stop:
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Comment

Candles are getting smaller and the upper wick shows that the bulls have put up a fight. Still looking for this to go down some more.
MACD showing strong down trend still.

Comment

Going according to plan really
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