As a Six flags employee (I'm a ride operator) I thought it would be fun to do some TA on my workplace. I believe there will be an opportunity to buy into SIX, and ride their trend line
sometime this summer. Ever since 2011 SIX has been following an upward trend line
. A few times in the past, the stock has dipped below the trend line
, but I still think that this pattern is consistent enough to trade off of. In January SIX double topped at the top of the trend line
and now i believe that SIX will have a correction in price to the bottom of the trend line
. This would put SIX at a 25-35% discount of its all time highs in January. If we get a strong indicator at the bottom of the trend line
, such as a double or triple bottom. There is a high probability that SIX will have a bull run once again.