TradingView
benjihyam
Apr 26, 2022 2:09 PM

$JETS to fall to $15 or lower Short

U.S. Global Jets ETFArca

Description

As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower.

I think we're likely to see JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.

Let's see what happens from here.
More