FEDEX and UPS have moved up alot in recent days along with some other dow transports. Airlines have lagged behind with no bids. This week, look for Airlines to move out of oversold conditions to move Dow higher. News will break out as passengers return to flying domestically. Volume will pick up accordingly. Breach 46.70 with volume, look out 52!
Rising wedge on LUV. This price currently not have sense... NYSE:LUV
UAL - United airlines has a bullish Inverse head and shoulders pattern on daily chart. Options flow - Over 27,000 June $50 calls traded friday. 6000 $45 April calls traded vs 8 in open interest. More flights starting as more vaccines get to people , you could call this a "re-opening" trade. I own march calls in JETS etf. Cheers!
Inside days forming symetrical triangle. Break above could move this up to $52 area, break below leads to volume gap back down to $40 area
Today close could be first week since Nov 2019 that $BA closed above 200SMA. Dual falling wedge breakouts indicate strong bullish reversal continuation. $188.33+ close reclaims Golden Ratio
$LUV Southwest Airlines - Ascending Triangle Monitor for a close today above $42.50 for confirmation. Near term target - $48 by mid-November Note: This is NOT investment advice.
It is ovious that this sector is heating up. Loads of bodies of their books, delincuent uncolectable debt. costly SLA fines waved, and cancelled plane orders with no penalties, on top of it loads of stimulous coming their way. The institutional buyers are shameleslly creating this pattern and its about to break. Lets take AAL as an example" Could it consolidate...
Price reached a major resistance . Time to re-short the dead cat bounce .
$BA pumped almost 7% on Friday but this scam pump lack volume . Probably this jump will fade and will resume the downtrend .
The airlines industry seems to have found a bottom over the past couple of months while the general market has rallied. It may be a good idea to start accumulating positions in some of these potential long term value plays before a possible sector rotation into the airlines industry. Here $LUV broke out of its falling wedge and the pullback gave us: 1) Support...
Ascending Triangle looks bullish asf, only bearish if we lose ascending line support.
Nice running flag forming with consolidation within. Will keep an eye on it and time the entry on the lower time frames if a setup present itself. What I want to see on the lower time frame are reversal patterns like H1 double top / wedge / H&S etc.
Airlines provide high reward but with a high risk to take advantage there are certaim combination of trading methods to provide better opportunity Southwest(LUV) is the only airline that as of today with positive cash flow(2.96 Billion). Spirit Airlines(SAVE) is classify as a cheap convenient airline books only have -2.79 billion in debt(This can be forgiven or...
CoronaVirus vaccine approval will be the most explosive event ever happened on the planet. Anyone who tells you otherwise is a stupid or a liar, if not both. The best investment strategy now is to create a strategy around the vaccine development. That doesn't mean to buy biotechnology stocks. Simply put - Stocks that plunged because of the Virus will rally...
Same pattern as BA. Targets outlined by arrow and supply zones.