so as yall can see my opinion as switched to bias on luv as of now untill we go test that green supply zone at 52 then i want blood long for now though
NYSE:LUV Daily chart
Southwest released Q2 results earlier today and the share price dropped 3.5%
With the quarterly out of the way this is a potential buying the dip opportunity,
notwithstanding concerns over the delta variant.
Looking at the price chart, we see a possible continuation of the existing down trend.
However, momentum indicators and long...
Southwest Airlines Company experiences correction similarly like Delta Airlines. Graphs of these two companies show high positive correlation. Though there are some differences. In Southwest Airlines Company RSI bottomed out and reversed back above 30 points. MACD and Stochastics show first signs of reversal too. In addition to that LUV did not retrace its recent...
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$LUV Target 64.78 for 15.93%
Or double position at 46.98
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before...
Double three correction on wave analysis. in the retracement zone 1-1.618 (BUY ZONE). Bullish RSI divergence. It is coming out of TTM squeeze, Low end of StochRSI, Low end of SchaffTrendCycle, MKM just released higher Price Target. Prime time for reversal, was in the same position on 1/31 of this year and it broke out of that squeeze nicely. Just needs a little...
Selling climax and capitulation occurred during period from Mar-2020 thru early Aug-2020. Covid-19 infection rates were shifting into acceleration mode and an effective vaccine had yet to be developed/approved. Economic conditions were deteriorating and the airline industry was barely "hanging by a thread". So what's different? Global economic recovery and...
Monthly Supply at 67
Trendline Break + revisit
last under SMA13
OBV<OBV SMA34
W%R under -20
Entry 61.8
Stop 67
Target1 50
Target2 45
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
NYSE:LUV has recently broken through weekly pre-COVID resistance. With travel becoming a focus with a world trying to emerge from a pandemic, look for airline stocks to benefit, at least for the medium term. I would look for a retest and possible bounce off that previous resistance level. Wait for the retest, though, and see how that price interacts.
For...
