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Dec 14, 2018 9:28 AM

LUV Approaching Support, Potential Bounce! Long

Southwest Airlines CompanyNYSE

Description

LUV is approaching its support at 47.80 (100% & 61.8% Fibonacci extension, 61.8% Fiboancci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 55.44 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
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