momentum is positive in the past this led to price going up
I opened a short on ALGT this morning. I think it is fundamentally overpriced and assumed that everyone is sitting with bags packed, ready to book a ticket. No income, high debt, let's see!
Buy a Daily Candle Close above the Range Top. Watch for a Failed Range Breakout. Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top. Breakout Candle Must Be 100% of the Average Volume For full-size position 75% of the Average Volume For ½ size position Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
ALGT is breaking out of rounding bottom creating a bull flag and a gap breakout targets on chart
NASDAQ:ALGT Personally I've become a fan of this stock. I've slowly started getting into conservative long-term investments with gains from quick swing trades. Relatively good dividend yield stocks in a solid market seem to naturally be my choice thus far. However with Covid-19 still lingering in many countries, travels markets like airliners can still be...
With the airlines starting to implement face coverings as mandatory many airlines are even creating new seat plans to respect social distancing. This although brings and invites certain guest will certainly raise the price of tickets as load factors go up. Allegiant operates on an ultra low cost carrier model and will most likely continue to work towards selling...
In since yesterday's low, hoping to get one more dip to today's low to double my position.
US regional airliner flying underserved routes - textbook head-and-shoulders.
1. 3rd impulse wave 2. exhaustion candles on all timeframes 3. 2x top on trend line 4. Next to test center line Andrew's Pitchfork 5. Throwback on 2x top breakout from low 200s to create reverse polarity 6. RSI Trend line violated. Starting to diverge negatively. ect......You get the gist