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Frontier Airlines - reversion to the mean or pennant set up?

Long
Frontier Group Holdings, Inc. (NASDAQ:ULCC)  
CheelooTrader  
NASDAQ:ULCC   Frontier Group Holdings, Inc.
Trend Analysis Pivot Points Trend Lines frontier
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trendanalysis pivotpoints trendline frontier
  • This multi year pennant break resolution should provide a a good opportunity in this name that seems to be basing quite nicely.
  • 3 Day MAs are starting to point upward. ++
  • 60 VMA crossed 200 DMA +++
  • Price consolidating above the volume shelf at 10.60 +++
  • What it needs to do for long: Test 12.5 and continue to fill the supply from last ER. Pullback at the trendline resistance then would present a nice long entry.
  • Disclosure: I went long today with a start position.
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