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Entry : 66 to 67 ishh
Stop Loss : 59 ishh
Profit : 73 +
Holding Period : 4 to 6 Months
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 ...
ALK is fundamentally cheap in terms of Price/Sales per Share and Price/CF per Share. Its hard timing buys on Valuation, but I think the chart finally looks like the downside has abated. I expect it to trade up from here.
ALK continues to show interesting development on the hourly chart, as it edges toward the apex of a very large bullish falling wedge. Earlier this week, we saw price broke down from a bearish rising wedge in an attempt to take out the downward trend line of the larger bullish wedge. The price bounced off a support level yesterday, before reaching the bottom of the ...
about to break out! First target 65
it doesn't show on this chart
but RSI is over sold
we have a nice pin bar
Enjoy the blue skies for awhile, but don't book a ticket on the final fatal flight!
How I trade weekly stoch
ALK buy off weekly stoch
Another dip to buy !
Alaska Air is currently trading at the top of its downtrend channel, a bearish engulfing pattern is currently forming (although we'll need to wait for the close to confirm) and the RSI has already turned down from a high level....
1. Down action looks corrective.
2. RSI oversold with positive reversal.
3 Recent volume spike.
4 Will use any close < “C” as my stop.
Alaska Air has been absent from the recent airlines rally as the company struggles to regain momentum after weather related issues.
The company's integration of Virgin Airways is a mega-plus for the Airline after organic routes kept coming under weather-related pressures.
It's recent venture with Singapore Air will be another plus for the Airline's Asia ...
ALK is bouncing off its support trendline just like other airlines. Looking to go long but beware of the red resistance line.
ALK had a nice retest of a previous level. Decent pattern showed up, similar to a inverted H&S. Targets are listed short term. Fib extensions longer term if triggered and earnings make investors happy.a
but higher high and higher low on daily gives bulls hope.
its building on the inverted HnS pattern, lets see if it follows through with a breakout..