Seems like a wild call. But around May-June timeframe I firmly believe United will be around $40, if not sooner. This covid-19 disease has pretty much stopped air travel. You might think you saw your airport with people in there and other anecdotal stories. But I know many But I can tell you that business travel has been cut to almost zero. I know this is a...
Considering years of range-bound PA, awful financial situation and crumbling fundamentals, I'll be shorting this stock at POE. Price objective: $80.
Trade Background: Price has been in a downward trend since the start of this year. This is due to the market pricing in less demand in flying due to the corona virus. For this reason price has fallen to key support just above 200 MA. Look for a swing to the topside of the trend as market sentiment recovers. Cut loss if price consolidates below 200 MA. Trade...
$LUV weekly An old chart from 2019. Seriously? A year long c&h breakout pattern? This will get juicy and likely timed with bullish $BA news. New ATH's likely. Gorgeous.
The current fair value of the stock based on Buffets equation is just over $40 meaning there is a lot of room for the stock price to grow. Earnings was stong and price tested the new resistance of $20 and looks to be testing to make new highs currently. Looking for potential pullback or rejection of next level to enter in on a lower price.
I believe that the NCOV virus (with an R0 of 2 and kill rate of 2-3%, incubation time of 1 week) threatens to spread worldwide AND SHUT DOWN WORLD AIR TRAFFIC and many countries may close off their borders. A single passenger jet flight consumes 36000 gallons of jet fuel, people will stop going to crowded areas and travel less, and trucks will stop running their...
AAL has completed 2 years since the January 2018 top. The downtrend since then has been non-stop and 1W even formed a Channel Down with the MA50 (blue line) acting as a Resistance and Lower High. With 1W however turning neutral (RSI = 49.107, STOCH = 47.539, ADX = 14.260, Highs/Lows = 0.0000) after finding Support at 24.70 (has been holding since June 2016) and...
Hello everyone! Time for free analysis! :) Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up. Today Finnair has been declining for 3.5%. Good...
Low risk, high reward trade into Alaska Airlines. 2% risk for 20% reward using pitchfork analysis, moving averages, and time analysis.
Alaska is rated the second-best Airline, according to the Wall Street Journal. It is extremely undervalued, with a PEG ratio of about 0.5. News has been extremely positive for Alaska lately. In terms of technicals, Alaska looks to be right above a volume support and ready to bounce. Another way to play Alaska earnings is to diversify risk by buying the JETS...
American Airlines was recently rated one of the worst major airlines by the Wall Street Journal, and the news for the company overall hasn't been great. However, the technical setup looks fairly nice, with American near a support level and showing a long period of bullish divergence on the weekly RSI and MACD. It's got a 1.5% dividend yield and a really good...
Between November 2012 and May 2014 Delta Airlines had a colossal run that took it from $9 to a staggering $42 dollars in a little bit under a 2-year period. Ever since, $Delta has continued to perform positively; well within the confines of a new channel that feels a lot like an extended ascending triangle maturing into its upcoming apex. This channel can be...
When we look at the stock of Turkish Airlines (THYAO) on an US American Dollar based, we see that we are just above the support. The stock has not been able to participate in the rally on the Turkish stock exchange for several weeks. Today's U.S Dollar / Turkish Lira rate of sharp decline and the acceleration of the decline in Brent Crude Oil, I think we will...
Airline stocks have had a lot of bullish options interest for the last month or so, thanks to their attractive valuations (less than 10 P/E!) and strong earnings growth. However, the stocks have been unable to break out due to high fuel prices. With Iran conflict cooling and oil prices falling, the JETS ETF is finally gaining some momentum this week. Individual...
Spirit Airlines (SAVE) is bouncing from 50 RSI today and getting unusually bullish call option activity. With a P/E under 8 and the earnings outlook starting to turn upward, the discount airline looks like a great value at the current price. If the earnings picture continues to improve, we ought to see $55 per share in 2020.
EIF is a rare stock where you get decent capital appreciation alongside passive income. Not only are these two factors attractive in itself, but they have also increased their dividend virtually every year for ages with no decreases. Their diversified portfolio and continued record revenues makes this stock an amazing buy and buy off dips. There can be some...
The daily chart of JetBlue created a cup & handle type pattern but the price has broken down today out of the symmetrical triangle pattern it had created in recent days. The price has come close to touching my initial price target before finding some buyers again. Note that the initial price target is near the 200-day EMA line as well, an important level for...
Options traders are betting heavily on Jet Blue today, with tens of thousands of call options located at the $20 strike. Perhaps options traders are betting on some holiday travel hype to boost the share price. Or perhaps they're banking on hype around JetBlue's investment in flying cars to move the stock. A drop in fuel prices after this week's oil inventory...