randomjohn

LUV breaks pre-COVID weekly resistance

Long
NYSE:LUV   Southwest Airlines Company


LUV has recently broken through weekly pre-COVID resistance. With travel becoming a focus with a world trying to emerge from a pandemic, look for airline stocks to benefit, at least for the medium term. I would look for a retest and possible bounce off that previous resistance level. Wait for the retest, though, and see how that price interacts.

For reference, the JETS ETF is published.

Many of the other airlines are just bumping into their pre-COVID support levels. If they break though, that could be a long trade. If you're looking for an outperformer, though, look for a place to safely jump into SAVE .

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