Buy here, risk 1-3 Average True Ranges down, to ride it back up to the recent top or into resistance. Watch the 'key earnings levels' for a support/resistance map in price. You can get this indicator in @timwest's indicator pack. Really useful to navigate through the chop.
With oil so extended, airlines oversold into support, we have a nice low risk setup. I'm...
JBLU is approaching its resistance at 18.59 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 17.47 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
Entered a long position JBLU today.
I see positive money flow in RSI and MACD, creating a Bullish Divergence. Price also has plenty of support.
Share your opinion, comments and questions. Good Luck!
Risk Level: Moderate.
I will keep updating my position.
JBLU just breaks its $19 support, and also the multi-years upward trend.
With no major news recently, the recent downward trend is driven by fear of poor travel activities after Harvey and Irma.
Recent drop is a good opportunity to initiate a position. However, it is good to wait for the drop is stable down and after the impact of Irma is uncovered, which is...
Played the Gap Bearish. The point of the idea post is to show the succession of Stop placement as the trade moved in my direction. The dotted line is the 200 EMA on the daily chart which is why the stop movements happened more frequently as the trade got closer to that price point.
Trade was setup on the 1 minute chart and then followed on the 5 minute chart. Was...
I don't know when this 'wave' rotation / retest will occur, but JBLU had a massive accumulation phase, break out. It's going higher this year... with earnings coming up, the most fun flight would be a gap down into $20.58 ish and then a bounce. :-)
JBLU swing trade possibility. Had a nice bearish gap recently. Closed below the 200 SMA and the 100 SMA. Has had 2 gaps and today's white candle gives the stock some rest. Therefore, if JBLU closes below 21.31 I would be more bearish than bullish.