We can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible...
Financial sector looks pretty good, showing relative strength, despite choppy market. Nice wedge breakout on heavy volume, with excellent mirror support level retest. We are looking for 71.30 level breakout. SL 67.80
WDC has formed very nice cup and handle pattern and started to move higher, breaking resistance zone which is 73.00 on heavy volume. The trading strategy for now is to buy and hold (stop loss 68.00), possibly it will retest the broken resistance. In case of retest I will provide an update.
The TA is exellent for this stock and fundamentals as well, because CHIA...