Just a quick update since my post on Sunday. Held my level perfectly and looking for targets shown above! Congrats if you played the bottom.
BA closed nicely on a key fib level with a bullish harami leading me to believe BA will push up towards 220 for a retest of trend.
This has been swinging around and consolidating since March, very frustrating. However, I believe there is some light ahead of us. Patience is key for this one and will pay off. Sitting on major trend line support and expecting a bounce. Conservative target zone marked around $237-241. Next target above is around $264.
It’s always good to look at the higher timeframes, Boeing still in a uptrend on the daily/weekly charts. Might be a good time to put this on your watchlist in case of a break of trend or reversal. - Factor Four
Price action ending 19AUG presents an interesting scenario for NASDAQ:UAL . First, there is clear price divergence with RSI, a bullish indication. Today's candle suggests a (crucial) third touch on a dynamic support level in the 43.00 range, suggestive of a possible upward bounce. Finally, today's candle also presents a double bottom against this rising support...
Price broke down down back in mid July and the up trendline supported well. It then retraced to neckline and followed by a small sell off before stabilizing at current price. It seems like price is going to be in consolidation for awhile. Depending on the price action of the consolidation, that will give us a hint on its next move. As price is currently in the...
same story as ual, risky move here, but everything checks out for this push up. w3 target = $26
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In 2020 airlines around the globe experienced one of the worst years in their history due to pandemic crisis and worldwide restrictions on travel and freedom of movement. This had detrimental impact on airlines around the world. Story is no different for Lufthansa AG. Last year German government bailed out Lufthansa AG with 9 billion euros. Subsequently German...
Recognizing multiple Technical confluences for a potential move long on JBLU 1. We see price following the trend that existed prior to Covid 2. The 100 EMA has dipped below the 200 EMA (sign price may be reversing current trend.) 3. Price has entered a significant Demand Zone 4. Price is respecting the trend lines since the Covid dip 5. The RSI is displaying...
touching major resistance level today, watching for breakout and hold within the box, buy target is a break above the box.
Looks like BA has reached potential support. Looking for signs of bottom to go long on the 15 min chart and for the 100ema to cross under the 200 on the 4 hour into daily chart to present possible price reversal. Looking for entry around $200 - 190. Take profit around $300 Technical Analysis: Positives: 1. In line with post Covid trendlines. 2. RSI...
Signals Position: long Entry price: 198 Target price: 230 Stop loss: 200 Indicators RSI is very low, better to wait till the price touches the support line around 198. Bullinger bands and Keltner channel are opened, meaning a strong trend. So the price will probably reach the support. Same clues from the MACD . Conclusions Boeing is going...
Southwest Airlines Company experiences correction similarly like Delta Airlines. Graphs of these two companies show high positive correlation. Though there are some differences. In Southwest Airlines Company RSI bottomed out and reversed back above 30 points. MACD and Stochastics show first signs of reversal too. In addition to that LUV did not retrace its recent...
Delta Airlines experiences correction for about four months now. ADX continues to climb above 27 points which suggests that trend might be near its peak. In addition to that RSI fails to cross below 30 points. Such phenomenon in RSI tends to correlate with strong bullish trend of higher degree and weak bearish trend of lower degree. MACD and Stochastics remain...
Upwards channel looking to continue trending as long as major support does not break. Sights of bullish trend reversal coming up. Breaks above minor channels shown will confirm my thesis. Aligns well with my BA analysis.