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Peet_Serfontein

ALK: correction in the range

Short
Alaska Air Group, Inc. (BATS:ALK)  
Peet_Serfontein  
BATS:ALK   Alaska Air Group, Inc.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
A price action below 38.00 supports a bearish trend direction.
Further bearish support for a break below 38.00 as well.
The target price is set at 35.00 (its 61.8% Fibonacci retracement).
The stop-loss is set at 40.00 (close to its 200-day simple moving average).
A double top pattern or M-Top pattern might unfold.
Remains a risky trade.

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