Not only do the last two candles show a sizeable One White Soldier candlestick pattern, moreover with just that one last candle (yesterday's price action), the price is back above all 6 previous (candles) close. Add to that the uptrend line and it's compelling enough to me to go long with a target at/just under the double top resistance.
Great uppward support line since last May, except for when it was oversold in October due to ebola scare. Downward resistence line since December forming a wedge pattern. I believe Spirit Airlines will test 80.00 one more time before eventually breaking through the wedge to all-time highs around 85.00.
On one of my other posts today I looked at LUV - another airline. LUV offers both a long-term and near-term buy opportunities. For SAVE, however, I would only consider a near-term opportunity. SAVE had a good breakout and retest after breaking above the September high. It has now gapped above the more recent November high and $80. However, I do not have much data ...
Spirit Airlines, although not a constituent of DOWT, is considered a transportation/airline sector which is part of the stock that contributed to sector all time high. Having such a nice ticker name "SAVE" doesn't mean it can be saved and withstand the bear tide. It is in my potential right shoulder forming list.