Spirit broke out and is now retesting the Breakout! At the same time the BMSB(Bull Market Support Band) has just flipped bullish! This could be a Great entry point, even if price falls back into the channel for one more accumulation phase! IMO NYSE:SAVE
SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk in a falling wedge with episodic trends up in the wedge. At present price is at the longer support trendline of that wedge. Relative strength reflects an oversold and undervalued condition. The Fisher transform shows a curling up suggestive of the reversal. I will take...
Spirit Airlines Bearish into earnings, currently trending below all EMA's
SAVE on the 50-minute chart reversed a trend down that started on January 23 which was a continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a merger with JBLU which has been successfully challenged in court. The two airlines have a narrow window in which to file a notice of appeal after which briefing and oral...
Formed a cup and now handle. A cup and handle is formed. MCAD also turning green
Some trades I cannot publish here on Tradingview (such as Save) bc they require constant updates based on my methodology that require prior education and understanding. However, we can talk and learn from this recent wild move. Anytime you find yourself wanting to buy in a rebound move, often the move is rapid and gives you zero chance of getting in. As such...
A lovely rounded bottom, Formed a CUP. Should break out more and more on any news
Spirit took a massive hit recently after the JetBlue merger, but using recent weekly trendlines I think this is actually shaping out to have a nice recovery. Not financial advice, good luck to all :)
FUNDAMENTALS + Is Spirit Airlines a good airline to fly with? If the bottom-line cost of flying Spirit is your least-expensive option, then you must weigh the risk of irregular operations. With one of the highest rates of delayed flights and cancellations in the U.S. airline industry, there's a good chance your Spirit flight will be delayed or canceled. = lack of...
super valid looking. leave a comment if you like my entry setup. this share purpose only for educational learning. note: for more details check chart
My precision is getting better and better… I have to tell my audience more about my analysis. Please refer to my previous posts and you will see over an hours worth of content covering SAVE. I essentially confirms my thesis of their fair value by analyzing fundamentally looking through balance sheets and financials etc.. The merger was rejected based on the fact...
NYSE:SAVE Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Spirit Airlines' ( NYSE:SAVE ) stock took a nosedive, plummeting up to 60% after a federal judge blocked its $3.8 billion acquisition by JetBlue Airways. The move was hailed as a victory for the Justice Department, which had filed a lawsuit against JetBlue on antitrust grounds, arguing that the proposed acquisition would eliminate popular discounted flight options...
SAVE followed my prediction much faster than expected, many people just got wiped out. Waiting on news sources to report what happened as it seems I’m the first to notice..
Save General Direction Analysis Thesis: SAVE will most likely follow course in the downtrend, we are in a range where a bearish stance is most favorable from a technical standpoint. Any fluctuation out of the downtrend I attribute to the merger with JBLU that is being pushed as I type this. If the merger is successful then we will see the stocks price rise rapidly...
I see all these people drawing lines without talking about the companies. Here's the rabble rousing this play. Spirit? SAVE P/E ratio as of December 2023 (TTM): -3.36 I only fly Alaska if I can but Spirit is big with the cheap and those flying to Vegas. Negative isn't great p/e isn't great. They are losing money. How long are you willing to hold? Why would...
This is a pure technical thesis: For almost two years we have stayed in a long term downtrend, 9 attempted breakouts failed over the course of this period. From a purely technical standpoint ignoring longer term fundamental news, the odds of a failed breakout above this level are 9/10. Nothing has invalidated the trend as of this point, we are trading with the...
Spirit airlines has trended up for the past week or so in a long term trend I have been analyzing over the past few months. Due to the possibility of a merger with Jet Blue Airlines I could see price breaking out of this trend but until news of this I am bearish. We have not broken this trend for over a year, I don’t see much reason to now unless someone knows...