1. $ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength.
2. Stock currently above all MA's , 9,21, 50 100 and 200.
3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA. $ALK rallied on...
We are of the opinion that Alaska air is in the process of a potential bullish move higher. Airlines have had a very mixed 18 months but it seems to be the case that Alaska was dragged down by others. Below we have outlined some of the potential buy signals to consider before entering a trade as a resistance level approaches.
GOLDEN CROSS
RSI BREAK ABOVE...
Looking over the one week chart we can see that a bottom might be in and indicators suggest that we're in for an uptrend. Furthermore, we seem to have a prime catalyst with earnings coming up - any stroke of good news and guidance could send this thing higher. Expect a peak if other airlines do well in the coming weeks also.
RSI: Shows oversold on the weekly ...
Alk forming a nice bull flag possibility of the upside giving us over a 2>1 ratio only buy on the flag break target near our area 62. this move will run out of steam very soon regardless short term play only here never financial advice
ALK is approaching our first support at 57.47 (horizontal swing low support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 62.35 (horizontal pullback resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price
ALK moving in a perfect ascending channel. Right time to jump in since the stochastic is in oversold area.
Taking profit $70-71
Stop Loss $57.5 (.5 dollars below the minimum of July)
Expecting reach the goal on January 2019
Today 8/24/2018- I've entered a long position into Alaska Airlines (ALK) as the stock has been trading sideways for over 200 days and seems to have a strong support at 58$( average 60$ a share). There was an resistance zone at 64.00$ and it broke through it to 68$ and has now retrace back to 64.75$ a share which could now be a new support area. Not only is the...
Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.
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ALK
