Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
Also appears to be an Inverse head and shoulders. The right shoulder is C and has broken neckline of 57.55. Resistance overhead from the bottom trendline of a prior rectangle top (left) No recommendation
ALK is one of the financially strongest airlines during the pandemic. I like seeing it break out here. Stop around $54 for me.
Alaska Air Group is an airline holding company based in SeaTac, Washington, United States. Just follow the signs
Finally returning to profitability (and without any "covid aid" this set up looks solid for a short term bounce. All of the momentum indicators have flipped around to show some strong upward bias. I wouldn't be at all surprised if this stock cleared $60.00 in the next week. I'd be looking to buy if we got lucky enough to see $52.00 or better.
Nice move today in airlines and other industrials. These have consolidated for a while and I have enjoyed accumulating it for clients. They reduced their debt by $800M+ in 2019 DURING COVID!! Amazing company. Has room to run into the 70s into next year.
Airlines should benefit next year as business continues to get better. There's only 3 airlines I would buy right now though. DAL, LUV and ALK. ALK reduced its debt by over $800M DURING COVID. Amazing management is the only way to make that happen. Price targets that I have seen are in the 70s - 80s.
all airlines following the same pattern. I'm not taking any positions right now but buying puts/shorting seems like a good idea
ALK appears to be in a rectangle. Price is under mid rectangle (MR). Rectangles are horizontal consolidation zones and can be long term patterns. They are neutral until a trendline is broken with a confirmed trend in one direction. Mid rectangle is often used as a stop in either direction. Some swing trade inside the rectangle but this can be risky since it...
The range resistance level could be broken upwards with the minimum target level around 85.
I don't know what it is, but I can't reach a conclusion on this. I really feel like I should be a buyer, but something is messing with me. Too many rules, not enough rules. Not really sure at the moment. Hate this feeling.
Not looking to trade in the near future. I think the 1-5 elliot waves here are highly textbook. For me, the correction is where a lot more uncertainty becomes involved. This can be seen with just how many different types of correction formations there are, as opposed to the 1-5 wave which is fairly universal. I feel like I am still guessing a lot with the...
ALK has pierced bottom trendline of a rising wedge but seems to have found support. ALK has fallen from a few rising wedges and never falls very far before continuing up. Not quite to long entry level but trying awfully hard. I saw this a week or so ago but the rising wedge made me wait. Red Long legged doji candle tail points to possible support. There is a...
ENTRY: 67.76 TP1: 73.26 TP2: 82.99 SL: 63.50 - ADX>20 - RSI<65 but >50. Uptrend still intact. - Broke down-trendline in early Feb 2021 - RS and FFI +ve - Weekly MACD +ve - MAs aligned
We have reached a certain retracement level aready but the good rise today disregarding the little candle body yesterday gives hope for further rise.