I think we are going to fall the through the .618 and possibly go halfway to the .786 fib before rebounding. Ma's have crossed which is good, but we are still below ichi cloud and showing more bear than bull signals.
The bears might want to use the occasion and drag the stock back down to the support of wave 4 in the $35-$30 area.
Nice rounding formation at a higher potential bottom. I am thinking to go long
Southwest airlines made a news today so thought take a peek. It's gone. For next few weeks to months LUV will have choppy trade. Those who are good in options strategies like butterfly, condor etc (some one who is pro and can advantages of choppy sidewise trade) make a lots of money for sure. Once they break the black line after choppy noisy trade look for the...
Airlines suffering now from high oil prices. Bearish pattern in place.
Southwest Airlines Co (NYSE:LUV) has a topping tail on the daily from Tuesday. In addition, today it initially shot higher, testing the recent highs from Tuesday, then sold off sharply. This created another tail on the daily chart. This shows institutional sellers are meeting retail buyers. Considering the stock is up over 40% in less than a month, the probability...
Finally made it over trend resistance and into what I hope is a new bull session. The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June. I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what...