Southwest Airlines said Tuesday that new bookings are now outpacing cancellations, a turning point for Southwest Airlines as seen on this chart as a reversal. I would wait for a correction before going long on this trade.
@keifer you think the highest price is above $40. Thanks a lot for helping out. I’m really considering investment in this stock but I want to do it cautiously. Thanks in advance for your output.
plil47
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Airlines industry hits hard. Any ideas on Spirit Airlines (SAVE)
Correction might never happen on these levels, there are tons of examples from 24 March, which just skyrocketed to the levels before Corona in less than week.
keifer
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@Romanior, Yes I agree, I forgot to mention that we may not see a correction ( as I have done on other charts)
LetsBeMillionaire
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totally agree with this chart...i had the same feeling