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soldierducky
Dec 9, 2015 8:47 AM

VA short play on weekly Short

Description

volatility in oil and the recent sell off in oil is causing airlines stocks to be volatile as well.

VA is an undervalued stocks by many metrics, however technical analysis showed the lack of demand from this stock.

Combining the rising wedge, bearish divergence, and market volatility, I am expecting a decline over the next few weeks.

However, if it breaks it's a different story. Does anybody want me to calculate a price target?
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