To no surprise, the travel industry has been beaten down more than the rest of the market. Between plane malfunctions, travel restrictions and more, Boeing is way oversold-- sitting down ~40% this month. Entering at the $160-170 range, where previous resistance turned support, should be a 'safe' place to buy for a quick flip.
Considering years of range-bound PA, awful financial situation and crumbling fundamentals, I'll be shorting this stock at POE. Price objective: $80.
Qantas ASX:QAN is running out of room in what seems like a descending triangle. If there's no break to the upside, expect more downward pressure to $4.22 in the coming months - long term outlook. Due to the uncertainty of the market - trade wars and oil prices - a breakout in the coming weeks should also be taken with a pinch of salt as it might be a bull trap...
Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal. Objective: We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45...
Boeing recently crashed in more ways than one... Now the buy opportunities are coming in. Be sure to join Megalodon trading today and take full advantage of Boeing Stock. The Megalodon Indicator uses an artificial intelligence, combined with over 500 different buy setups, as well as over 2000 different indicators to produce stunningly accurate buy and sell...
When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15...
Weekly candle looks like a bottom.
Upside in perspective of historical seasonality in airline company SAS? - Please, share your thoughts!
I am long on JBLU because of the news of great growth, expansion, and a nice earnings beat. I expect the price to be up at least a dollar or two over the next quarter.