Inta-year cup and handle pattern..
The yearly C&H would have a break out over prior yearly high which is 70.41...a ways to go!
There are no rising wedges in the yearly chart...pull back is always on the horizon
C&H pattern targets are calculated using the depth of the cup.
Just an observation...placing your stop in a safe place is always a good idea..like...
Stop under C
Virtually all of the travel stocks are trading in this pattern.
Targets 2 are long term targets and it is most likely the stock will become overbought or pull back before reaching those targets. Sometimes targets 2 are never reached. Sometimes you are lucky to get targets 1. Technical analysis is not an exact science and it is up to us to learn when...
Looking at testing upper resistance around $50.00. Broke out of the bearish wedge on the 1day this morning as well as a bullish signal breaking above the Ichimoku cloud.
ALK: Double pattern
TP 1 = 38.95
TP 2 = resistance line
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Alaska airlines looks like it might be flipping this local resistance area into support. Also found the 100 ema under it finally. First target would be around the 200 ema ~$44
Stop below C
Targets 2 that are possible are 67.5 to 77.4. Targets 2 usually require a pullback after targets 1 are met.
Airlines have not been popular but perhaps things are changing
Not a recommendation
Hi friends
the daily chart of this market will experience a downtrend in the coming days but you have to be vigilant of the change of direction towards the opposite
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Alaskan Airlines is trying hard to break out! Hypothetical break out hit today at 36.5
Airlines have not been in favor so for me, this is one to watch carefully or keep long term.
Target 1: 49 to 54
Target 2: 65 to 75
My stop is under 32.5
Alaska Air Group is now pulling back after a good rally up. The stock might be targeting to close the gap-up created to. A buy at this level could be profitable on the stock for a swing trade...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
There is definitely a possibility that spy could keep falling significantly more , there was a very weak support today but just before I started to write this, it broke support downwards .
This last drop the SPY experienced was after an extremely bullish trend . The SPY does not have a good support, so definitely be careful with this idea of mine and be fully...
ALK seems to have had the lowest pre market gain among its competitors,
Not a lot of time to comment now but I think its a good day play , perhaps 10%+, hoping ....
Good luck out there, don't feed the bears until at least monday lol
I’ve discovered a new way to study price oscillators! And its not that complex... :)
Its possible to create an (average “high/low” wave oscillator) or what could be also a “oscillator of an oscillator” by graphing a (two) "sine wave" on top of a oscillator?! One sign wave that agrees/captures all the "highs" and another that captures all the "lows". You can...
