Reverse Head and Shoulders forming from March 2019 - Present (April 10th 2019). With good news coming from $JBLU related to their travel expansion, I see this stock going way up !
A long term investment in JBLU in 2003 is still losing money, nit exactly encouraging. To stimulate growth JBLU has announced introduction of a trans Atlantic service, proactive but does not guarantee success in which is a ultra competitive market.
Jet Blue has been oscillating in 2-3 month intervals since July of 2018. It's currently on a downward trend, going toward a support level of about $15.20. With the March 15, 2019 $16 PUT options trading between $.10 - $.15, there is a potential to make 3 times the current price by the option expiration date. If JBLU breaks through support, we could see the price...
I will be shorting JBLU, look for the stock to come back down to it OCT Low of $15.50-$15.80. A great trade to execute and one that I will do myself is to sell JBLU www.nasdaq.com I do think that the implied and given volume on the December 14 put is excessive, the market is showing Bearish. A great trade...
Buy here, risk 1-3 Average True Ranges down, to ride it back up to the recent top or into resistance. Watch the 'key earnings levels' for a support/resistance map in price. You can get this indicator in @timwest's indicator pack. Really useful to navigate through the chop.
With oil so extended, airlines oversold into support, we have a nice low risk setup. I'm...
JBLU is approaching its resistance at 18.59 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 17.47 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
Entered a long position JBLU today.
I see positive money flow in RSI and MACD, creating a Bullish Divergence. Price also has plenty of support.
Share your opinion, comments and questions. Good Luck!
Risk Level: Moderate.
I will keep updating my position.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. As of December 31, 2016, Mint included 16 fully lie-flat seats, four of which were in suites with a privacy door. The Company also provides Fly-Fi in-flight Internet service across its Airbus fleet. It provides its customers a choice to purchase tickets from three branded fares, which include Blue, Blue Plus and Blue Flex. Each of these fare include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. As of December 31, 2016, its Airbus A321 aircraft in a single cabin layout had 200 seats and those with Mint premium service had a seating capacity of 159 seats.
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JBLU
