✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Hey gang! Let's take a look at Southwest Airlines to see if it can pull out of this tailspin. The LUV chart looks like hot trash on a southwest sidewalk right now, but we are slamming up against some major support, which might give this dead cat wings. --- 1. Fractal Trend is...
After the offering they will have plenty of cash, PPP helped...going to say long from here...
Bears are running out of steam. LUV is going to survive COVID.... eventually. Keep an eye on breakout of falling wedge before jumping in. -NFA
LUV is clearly tightening on the daily timeframe with a series of lower highs and higher lows, forming an equilibrium pattern, triangle, whatever you want to call it. The point is that the break is imminent and it’s direction will likely be dictated by the stock price’s reaction to earnings next week. The most important levels right now are 29.73 support (and...
$AAL coming up on resistance, looking to see what happens Monday, expecting the price to go into the $13s and will be looking for a short entry around $13.50. Target Price: $9 Stop Loss: $15.50 Will likely be going with an option for this trade. Buy Put May 15 $7 strike @~.40 BOL
"The Senate's bailout package, which deals with the economic crisis caused by the coronavirus, will give airlines $25 billion in direct grants as long as they agree not to place any employees on involuntary furloughs or discontinue service at any airports they now serve until at least the end of September. Another $25 billion is available for loan guarantees."--...
I've never traded airline stocks. I like AAL here though-seeing a potential broadening formation. I might consider a small position and set a target for that unfilled gap. Longer term, airline stocks appear cheap right now although I'm not ready to turn bullish on them yet. I'm just not that familiar with them.. but this looks like it has good potential.
$LUV weekly An old chart from 2019. Seriously? A year long c&h breakout pattern? This will get juicy and likely timed with bullish $BA news. New ATH's likely. Gorgeous.
LUV hit moving average 200 yesterday. This moving average is many times good indicator for support and resistance. In past we can see that it few times respected this moving average. Tommorow we will know earnings for last quarter of 2019 and this most of the times move the price by 2% and more between closing and opening price. My setup will be take profit on...
T1: 50 Could lead to a massive breakdown into the 40's
As 737 MAXs can fly soon, perhaps the airlines that have many 737 MAXs may start to earn more money. Buy Americal Airlines NASDAQ:AAL and Southwest Airlines NYSE:LUV and at the same time sell Delta Airlines NYSE:DAL , which is not dependent on 737 MAXs.
This is my first TradingView video, hope you guys enjoy! Be sure to leave a like, follow, and comment! Southwest Airlines is a potential gem in this market as trade wars with China escalate. As Boeing ramps up production of their Max jets, Southwest also ramps up their flights as they are a primary user of the Boeing Max jets. Southwest did beat their...
LUV has been on a horizontal trend over the past year. Great buy opportunity as it has bounced off of a strong support line. Potential return is 4-5%.
** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares ** LUV and AAL combined have the highest exposure to MAX fleet in...
Hard to miss this massive head and shoulders pattern forming. Has bounced between two chop zones, but looks weak. May target: 48-49