#Jets is trying to break strong level $22 (level confirmation from early March 2020). Alligator open mouth suggests growth, so IF the stock stays above $22 LONG trade is recommended. Entry point around $22.15, stop loss $21.85, take profit $23- 23.75(next strong level).
We have a descending flag forming here on AAL. I expect to see it break down and have sharp reversal downwards.
I expect for the # JETS going UP to 12.38 Level also if don't respect the trend line the price can going to 12.87 however if respect the green zone the price can back to retest the 12.14 zone
JETS is breaking a bear triangle formation channel, with very high volume as seen in chart. In the chart you can see the next resistance drawn. Which are the 200 and 50 simple moving average. OBV has been trending higher, making higher lows, and is following the channel drawn. JETS is an ETF holding airline stocks, its portfolio top 4 holdings and % weight...
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We broke a long-term trend since the begining of the year. Breaking $51.5 support line, could probably take us close to YTD low. Monitoring closely.
Jets is a ETF of multiple airlines. ALK is Alaska Airline which was a huge winner since 2010 but has now had a fairly long sideways consolidation. I think they both are primed to go up again. If buy now you could use any daily close <then the current weekly low as a stop. some authors notes: seekingalpha.com seekingalpha.com
Bullish momentum divergence forming on the daily chart. Price hitting a new low, while momentum continues to improve. Use a trailing stop loss on the trade. Target 1: $33.00 Target 2: $40.00
Here is another chart sporting a compelling story. A bullish one that is. As my other recent posts, the Dow Jones US Airlines seems to indicate there's still life in this bull market. From its high of early 2015, the index decline in pretty much a textbook flat i.e. an ABC with wave B trying to kiss the high. Then we have near equality between A and C. Another...
With the drop in oil prices, $JETS, the new ETF that holds airline companies like Delta ($DAL), American Airlines ($AAL) and southwest airlines company ($LUV) had a very nice rally during the month of July. The $ETF rallied all the way up to the 88.6 Fib level to complete a bearish Bat pattern and declined from there. The pattern's targets are 23.5$ and 23$...