LUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 % into a bear flag and support followed by a narrow range consolidation and a volatility squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks and open seating. The NR7 indicator on watch was firing continuously. I am taking a long...
SAVE on the 50-minute chart reversed a trend down that started on January 23 which was a continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a merger with JBLU which has been successfully challenged in court. The two airlines have a narrow window in which to file a notice of appeal after which briefing and oral...
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Spirit Airlines' ( NYSE:SAVE ) stock took a nosedive, plummeting up to 60% after a federal judge blocked its $3.8 billion acquisition by JetBlue Airways. The move was hailed as a victory for the Justice Department, which had filed a lawsuit against JetBlue on antitrust grounds, arguing that the proposed acquisition would eliminate popular discounted flight options...
... for an 8.15 debit. Comments: The IV in here is redonk (IVR 96/IV 238.6%), no doubt because the merger decision between SAVE and JBLU is in a court room, with the trial scheduled to finish up at year end and a ruling to follow thereafter. At the moment, the buyout proposal is for $33.50/share and/or a $29.80 "Deal-Through Price." While most are probably...
Spirit Airlines (NYSE: NYSE:SAVE ) is facing strong resistance from multiple trend lines and zones in the daily and weekly time frames. The first resistance is at $15.43, which is the downward trend line drawn from the June high. The second resistance is at $15.96, which is another downward trend line drawn from the August high. The third resistance is a zone...
We are looking at a break out here on Spirit Airlines to the bearish side. We can see there has been a Symmetrical Triangle that was formed over the course of almost a year. It broke out recently to the bearish side. Now it seems like it might pull back hit the trend line and bounce back down or it is going to consolidate. Either way in 5 to 6 weeks we a looking...
Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%....
Dominant Bearish Channel is evident, yet we can compare the current structure to the initial bull case A rising double bottom , I have shown this with a trend line A little curved top can also be seen in both cases in green rectangle All taking place along the same horizontal If the channel breaks then the bulls win
1.00 psychological level has been hit. 1h is tailing nicely after rebalancing. Theres nothing holding this back so it should get moving soon if long is right ;) Not trailing stop atm, partials have already been taken.
hi guys... so,the trend of the market is a descending trend... so we should find descending patterns for a short position for now For example: I've found one on ETH/USDT an ascending TRIANGLE PATTERN .it worked (:
Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various...
Long between the 0.618 - 0.886 retracement. Targeting D ($60) off the bearish bat - invalidation of this harmonic would be a new low below $7.
Pandemic + jet fuel prices + selling pressure will take a toll on the airlines! In these weekly charts, it is clear that major airlines already are in a Downward channel, and they will retest their previous supports which could be another 10-15% correction in the coming weeks! You can see the most important support(green line) and resistance (red line)...
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$SAVE #Southwest Descending wedge, trading under major Weekly horizontal support. Breakout of wedge retest $33 likely. If $40 breaks, W breakout PT would be $62. Breakdown, play to 15.35 then to 7.35.
FOLLOW THE TREND AS IT CHANGES Long-term chart (W) Trading chart (D) First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ from the longer term (W) chart. price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss Second trade...
Looking at the trading volume you can see all Major airlines traded with above the average volume at these prices! I think in the next 4-6 weeks they have the potential to gain +10%! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified...