LUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 % into a bear flag and support followed by a narrow range consolidation and a volatility squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks and open seating. The NR7 indicator on watch was firing continuously. I am taking a long...
AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then consolidated in a tight range and then a retracment trend up. Price has reached the top of the high volume area of the volme profile. It is near to the standard Fibonacci retracement zone tooled onto the chart. This zone from above rejected price on March 7 and...
JETS on the reliable daily chart is in trend up since last fall which followed a trend down during the spring and summer. Travel stocks are booming here and there including TCOM (Trips.com) in China. The airlines have high volumes and are competing on price and perks. So are the cruise lines. This ETF is a way to capture some profit from the trends. If has...
TSX:AC Technical and Fundamental Reasons for going Long AC Air Canada, and AAL and JETS and DAL: We are in a tightening 3 Month range in all airline names (And even in broader markets) Given how we have come straight down from the highs, a multi week bounce with legs is likely and positioning in here would be a strong Risk / Reward entry. While DXY the dollar...
Here is a simple comparison of airlines in two major events. 9/11 vs Covid. It may surprise you to know that we are seeing the exact same pattern we saw after 9/11. We can argue if the impact of covid had the same impact as the aftermath of 9/11. if the industry is even the same as it was back then if the bailouts are equal etc... But from a charting...
Airlines have been decimated especially when you factor in the price of oil climbing over the last few weeks. Margins being squeezed each day! Long term support is being tagged in a very oversold 8 week selloff. This could be a good R/R set up on the long side for a quick technical bounce.
HA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15%...
UAL has been in a persistent trend up for a couple of months after great earnings were reported in early May with another due on July 19th. The airports have been quite busy with vacation travel and UAL has been part of that action. On the 1H chart, price has been supported by the mean VWAP and has oscillated to the one standard deviation line above that. I...
Breaking out of the trendline on a decent volume. Needs more push to clear the overhead supply and test 24. I think a pullback there and breakout would set this long term. Note: these are 3 Day charts, so my confidence and comfort level is higher. Regardless stop has to be respected. Disclaimer: Started a position today. Will add as long as 11 EMA is held.
With all of the various airlines having such similar patterns of movement JETS lets you be able to not get the same risk of the higher volatility that comes with holding each airline individually. With that being said there is less spikes in price action here which can also provide a more stable trading environment. When I look at the ETF JETS I have a general...
ERJ recently announced their earning reports which showed to be much more negative than expected. Even as price started reaching up towards the 2.618 fib level we start to see selling volume pick up. Initially I was just aiming to look at the 10% retraction but we saw that just before earning report. We are seeing continued negative push starting the week to the...
Fully formed rising structure now breaking key area. Good risk reward for a short.
AAL is shown here on a one hour chart with anchored VWAP bands shown. The anchoring is set for the beginning of the year. Based on the price action drawn in are support and resistance zones. When price is one or more standard deviations below the mean VWAP, the stock is undervalued and institutional buyers will set buy orders. ( Short sellers will...
can expect a relief rally until 8, however weekly time frames still looking bearish with trading well below DMAs. and there is a big bear flag on the brink. Broken down RSI had been retested Traders should have their stop at 6.4
want to see if my idea is correct or not. Fundamentally it cannot go this down. BEAR FLAG spotted on weekly chart
Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%....
Delta Air Lines, Inc. ( NYSE:DAL ) Sector: Transportation (Airlines) Market Capitalization: $28.111B Current Price: $43.85 Breakout price: $44.75 Buy Zone (Top/Bottom Range): $43.50-$41.20 Price Target: $47.00-$48.70(1st), $51.80-$52.70 (2nd) Estimated Duration to Target: 37-39d (1st), 86-89d (2nd) Contract of Interest: $DAL 6/17/22 45c, $DAL 9/16/22 45c Trade...
Do you enjoy taking flights on Jets? Let's take a trip...together if you will. Name and Ticker-U.S. Global Jets ETF AMEX:JETS I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together. Where is the confluence? Multiple touches on the 200MA (please see the daily...