WJA looks like touch bottom, and you can buy at this level, however, be careful if it breaking down to the lower green line, so make sure you have a stop loss. RED SLOP line is very important, if it breaks and up, it will be very bull. if it touch and go back, you need take your profit immediately, because if you look 1 hr chart, it will turn to very bear after ...
$WJA showing signs of a reversal forming, bouncing right off the strong support at 23.50~ and bottom of the ascending channel, while simultaneously touching the bottom Bollinger Band. Daily MACD also crossing over.
Overall, $WJA showing very strong buying signals for the short term trader.
The company is making some strange choices and it's clear the employees, once known for proudly being independent, are not having any of it. Pilots already unionized. There are more to come.
The low-cost airline? What's that - isn't WestJet suppose to be low cost?
Congrats the people who see my analysis and enter at the day i post my first analysis about WJA. YOU MAKE MONEY!!!!! Right now, i would say protect your profit and out. The stock is over buy, wait the price correction and renter next long position appearing.
WJA is my first choice to longterm investment in Canadian market. there are some reasons:price is low, have a lot profit zone. oil price low; WJA bought 787; Air Canada will lose share of market of China-Canada service, and WJA has lower cost with advanced competition.
Trading strategy: S/L 20.69, T/P: it is a long term investment.
There is a possibility of the stock falling to 26.50 levels where the bids have been strong. The risk of this trade is that westjet is still fundamentally strong compared to the TSX when looking at trailing numbers and is close to oversold levels on the 14 day RSI. This might prompt a wave of buying relatively early. It is not uncommon however, that stocks become...