SKYW
Daily chart analysis
On every rally since 2020, the price has continued to form lower highs ever since the impact of COVID-19. The high point was in January 2020, and subsequent rallies in March 2021, October 2021, and August 2023 all failed to surpass the previous high.
After being in a downtrend throughout 2022, the price rallied and then pulled back for...
Looking at the average analyst target and Anchor for NASDAQ:SKYW I see some potential downside in the near future that could present some buying opportunities. The company has been one of the only Airlines that I am willing to invest in at the moment.
Overall, SkyWest has had a mixed earnings growth trend over the past 4 quarters. The company has reported both...
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight...
Almost every thing i post ends up being correct in the end so why are people even bothering saying im wrong at this point is beyond me.
If you been trading for more than 2 years and still don't understand basic movements of a graph, you wasted your time.
Airlines are pulling back as of late...Guess some of us think they will continue to fly and others think the sky exists no longer..
Go with your gut on travel stocks..if you think it will be a "Long and dark" winter, they may not be for you..
I feel folks will still travel and when the government and the media decides to let the flu mania and the control go away...
I see the airlines trading in an ABC bullish pattern
Stop is under C which would be around 28 or below for SKYW. But UAL, HA, LUV, DAL, SAVE, JBLU, AAL are all trading in this pattern but would all have different entries, targets and stops of course.
Not a recommendation, just an observation
Markets demonstrate repetitive swings and harmonic patterns emerge. ...
The previous resistance of 32.50 was broken and has now turned into support.
The 52 week high is the now the resistance that the stock is chasing.
Support has been reached and looking like it could jump off the support.
Take profit at the same level of 38.00 to 60.00
Stop loss between 25.00 and 30.00
Buy from 32 to 40 dollars
SKYW jumped along with all the other airlines. If it breaks the resistance at around 32.00 dollars, it will most likely go higher.
If it goes to 35 dollars it will rebound at least to 40.00.
Set your stop loss at the previous resistance of 32.00 dollars or a little bit more conservative at around 34.00 dollars.
Good Luck SoloTradingCrew
Long term chart pattern followers will love this breakout pattern in Skywest ($SKYW) shares.
Shares didn't breakout on major volume, but sellers didn't step in and drive down shares, so low volume isn't necessarily a problem, but I will still keep an eye on it if we see heavy volume on the downside. Now that we have seen December and January have a much higher...
