Spirit shows to be testing a similar low that it supported back in the start of 2018. Should we push up above the .236 fib level than id look to see a retest to confirm the bullish trend
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.
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.
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.
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
Stock is trading well within the range. Potential set ups for option trades for the next few weeks.