NYSE:LUV Can you feel the LUV? I do! I'm in on this one already and I'm looking to add more options on any dips.
Airlines earning are all due in July: DAL 14 July BMO est. $-4.06 / $2.17B UAL 21 July AMC est $-9.41 / $1.14B AAL 23 July BMO est. $-7.03 / $1.43B LUV 23 July BMO est. $-2.67 / $0.54B All eyes will be on DAL tomorrow to sense where this mess is going. As for AAL, it closed above the downward sloping trendline but this could be easily a bull trap....
First and foremost, LUV appears to be forming an inverted H&S. Target breakout of IHS = $47.70 (First level of resistance). Once breakout confirmed, Target 2 = $52-57. The level of $47 has been solid support over the past months prior to the price finally dipping below the support in Feb. You can see on May 15th, LUV was able to breakout to the top side of it's...
Following the channel down smoothly and having the sudden spike in price is being followed by a move back down. From the high of the short bear rally price has already retraced 50% of its gains. Making its way towards the .382 value to make the next test on that range. Looking to see for a potential low area underneath for target range
I have been shorting this since $20 and expect another 20% drop in the next coming days! The similarities are impeccable. Next time there is a pump I will be loading on SAVE and LUV! Don't like AAL for longterm.
We have a descending flag forming here on AAL. I expect to see it break down and have sharp reversal downwards.
Long on South West finally waking key directional changes. Time to rally
Updating the chart as a cheers to my buddy who's killing this trade. Cheers to Kyle!!
Some example targets & trend-lines are shown. Take proper precautions.
American has been lagging behind airlines and should see a nice move upwards once it breaks above this neckline.
Brazilian airline stock $GOL has a perfect set up, bought it last night, and its up 20% already! Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely! Price Target: $10-$20
Buffet is done selling we know, but a lot of retail is stuck in the 30$'s...can we rally, or one more leg down?
Literally Southwest could break really big here. Little expensive, but not a bad short term gain. 8-10% possibly.
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...
It is a good situation to enter buy position in LUV Take a look to these technical items: 1- Dovergence+ (RSI) 2- Oversold (Stochastic) 3- Volume size lets get the profit$$