The jets etf and many of the airlines within it have broken out of there previous range state and now appear to be in an expansion or continuation phase. If price can hold above 20 then you can imagine the next move for the sector is back toward 2020 highs.
I think it's a good opportunity to go long what do you think ?
Very long term play will load on second pull back monthly TF so will have to be patient.
reached resis - has the potential to go down
Boeings 5 waves (elliots wave) have been completed and the price has retraced to point 4. Their recent earnings are being made public tomorrow; assuming they wont be great at all due to the coronavirus pandemic slashing its production rate. I can see the price falling close to point 4 again, perhaps $135-$140.
A bearish pennant has been forming last few months since the March crash. This has just broken down which has opened up downside risk for the bulls.
Once the stock is hated by the market ,it is over .
Weekly trend breakdown + retested successfully .
Directional plays within some of the airline stocks have now become obsolete as volatility has dropped significantly for the sector. The last three earnings reports have all been in at a loss with final reports being slight better than estimated. The market is expecting the worst right now which is in turn affecting the stocks ability to rise. 1 standard...
Large timeframes here boys we are playing big swings. be bullish. US defense contractor. You think the Military is going out of business? then short boeing. I am LONG.
ERJ is retesting a trendline drawn from back in May. Price has broken down underneath and is now testing previous support levels.
Following the channel down smoothly and having the sudden spike in price is being followed by a move back down. From the high of the short bear rally price has already retraced 50% of its gains. Making its way towards the .382 value to make the next test on that range. Looking to see for a potential low area underneath for target range
After a down week from a quick pop rally, we have a strong bullish candle right before the end of the week. Day to Day volume of trades remain high which keeps volatility high. Looking to see how price plays near this support of the channel will help determine our next trade from here. Based on standard deviations one can be able to determine the next highly...
X Force Global Analysis: In this analysis, we take a look at Spirit Airlines, a company leading the ultra low-cost carrier business in the US. We explore the company's fundamentals, as well as its technicals to assess its bullish probabilities. Fundamental Analysis - Spirit Airlines (SAVE) has shown an extremely steady growth over the past years. - Their...
A friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year. Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the...
Reopening hopes have seen a big rebound in airline shares after a crash in March. But is some extra turbulence due ? I suspect if/when the stock market turns lower - these shares will again be biggest fallers
Brazilian airline stock $GOL has a perfect set up, bought it last night, and its up 20% already! Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely! Price Target: $10-$20