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.
JBLU just breaks its $19 support, and also the multi-years upward trend.
With no major news recently, the recent downward trend is driven by fear of poor travel activities after Harvey and Irma.
Recent drop is a good opportunity to initiate a position. However, it is good to wait for the drop is stable down and after the impact of Irma is uncovered, which is...