FriscoTrades

$JETS Weekly MACD Cross

Long
AMEX:JETS   U.S. Global Jets ETF
JETS weekly from a technical perspective has bullish momentum with QQE buy signals and MACD curling.

Bullish on the weekly close above 21EMA and in a nice volume gap with room up to 26/27 supply zones.

From an options flow perspective, there was a buyer of the 11/19 21C for $2M in premium. I followed and am currently up +77% and still holding with $26PT

If you're not long, I think an idea would be to swing calls for the move up to $26.


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