Short term trade on the airlines which have been beat down lately with the market and rising fuel costs. I think we see some relief in the weeks ahead if these trends reverse for the short term.
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...
As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower.
I think we're likely to see $JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if...
This is one of the industries mostly beaten down by pandemic. As we have now positive news about vaccination I think this industry due upside. Another bullish sign as per technical 20MA cross above 50MA and 50M above 200MA. Most of the airline stock ticker has a similar chart pattern. As per chat setup, this has a good risk-reward ratio. Play strategy
- Buy...
