$SAVE #Southwest Descending wedge, trading under major Weekly horizontal support. Breakout of wedge retest $33 likely. If $40 breaks, W breakout PT would be $62. Breakdown, play to 15.35 then to 7.35.
watching wedge waiting for a break before entry watching wedge waiting for a break before entry
Descending broadening wedge pattern. Espero que mi gráfica les sea de utilidad, así entrar en una buena posición de compra.
It is interesting to spot similar sized structures on Spirit's Weekly chart. See those rectangular structures? They are exactly of the same size. Could that be the new variant gives us a new opportunity to invest into Spirit Airlines? Your comments and likes are welcome! LTT
FOLLOW THE TREND AS IT CHANGES Long-term chart (W) Trading chart (D) First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ from the longer term (W) chart. price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss Second trade...
Long > 28.5 with stop at 23.6 Short < 22.5 with stop at 25.6 (Stop will be updated when the level will be triggered)
Bismillahirrahmanirrahim Stock : Save Industry : Airlines Catalyst : Leasing Agreement with AerCAP Corporate Ex : Nil --------------------------------------------------------------------- Volatility : Medium - High (Float Share : 107+- Mil) Liquidity : Medium - High (Vol : 2.48 +- Mil) ---------------------------------------------------------------------...
A quick look at the monthly pattern supports the thesis of SAVE breaking a new bullish pattern. It is likely to happen after a more protracted draw in its share price, judjing on the gains initiated from previous support levels. A bullish trend is contingent on travel resuming across its major destinations and the new routes SAVE announced. What is interesting is...
My investment thesis remains very Bullish on this stock following this dip as air travel demand remains on track for a full recovery. and With the EW signaling the start of 5th impulsive wave up, this can be a nice investment opportunity.
Spirit Airlines, Inc. is an American ultra-low-cost carrier headquartered in Florida. It serves the United States, Latin America, and Caribbean as an airline operator. Since mid-March, it is possible to see a declining trend in the development of the shares of the analysed company. Lately, we observed a regular bullish divergence between the price of stocks and...
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After a devastating collapse back in March 2020, SAVE staged a solid recovery of its stock price, braking upwards from 200 Daily MA. That's a bullish sign. Now Spirit needs to prove itself worth of investors and traders' money. The first test will be the resistance around $40 and then, it that's broken, at $44. Given both levels are successfully challenged, the...
This is the winner of the airline wars for stock picking. Expecting a big hit with earnings this quarter given the US domestic travel this year. Its adding routes back fast and expanding international travel.
Fundamental Story: As the US begins is economy recovery, we should expect airlines to come back. Technical: Just look at that beautiful trend. And do you see that rising triangle pattern? Look at that highlighted candle with that rising volume. It is such a special candle. A great entry point.