Fundamentally compared against other airlines Southwest is the fan favorite. Currently creating some support and resistance levels on the daily time frame to test within. Price broke up above the half level and is making a move towards the range of around $60 a share
Based on Technical perspective price is currently rejecting underneath trend line and cross-section channel. Premarket trading shows negative start to week. Looking for Uber to make another swing down based on weak indicators
This is the same chart setup that I have been trading on for quite some time now. Price after rejecting the resistance levels again came down and met the exact trend line that We have drown since back from August. Seeing how price met the zone and is sitting on it, it makes me believe that we may see price stall out here for a little prior to making its move.
After their poor earnings release we saw price just gap down close to 15% on the open. After showing some support and testing on the current downtrend zone investors are looking for some word of optimism or relief of trade wars before going back to FEDEX as business has shown a bit of slowing down. Hopefully the holidays can boost their revenues.
Boeing is showing some weakness below $390. We may be waiting for some news from the 737MAX before we push up towards the $400 range again. The FAA Chief Pilot will be conducting the test flights himself. Waiting for his thumbs up is going to make or break the deal.
Key zone as we are pushing toward the extension levels of the Fib Channel. After strong earnings and increase trading volume there is greater attention place on FLY. Looking to see current range and how it reacts with current market pressure of U.S. Stocks