Triple bottom even so on a very short term. Bearish EMAs and negative price action.
I used the swing low/signal candle strategy to confirm the break and close above for buy opportunity. Market has been ranging, somewhat making higher highs. There's a gap higher up that will eventually get filled.
The PEAD projected a Bullish outlook for $LUV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
There is a strong reversal price action at the top of the channel. False break has reached for liquidity above. This should fuel shorts for some time now.
second air line play i find on the daily chart with an inverted head and shoulders pattern you can also check out #UAL if confirmed that would main a 19% possible future gain for #LUV putting it up in the low $60's either way i will be watching both of these plays heading into earnings for the next q's guidance as summer usually means more money for people wanting...
$LUV Key Levels, Analysis & Targets Target 1 & 2 really aren’t that far away. And it could hold at that EMA line. But if it doesn’t there’s two additional targets below it. And you should be able to take a good 20% swing here if you average in right, even if just the first two hit... If all 4 hit I'd be going for 25%… Hope this helps. GL & happy swinging…...
Buy Southwest Airlines at market (probably 44$-44.5$ range) than w8 some days to sell at 47.5$-48$
Airlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish...
Long LUV above 46, currently accumulating among the 50EMA, same trend as last week upon accumulating on the 20EMA.
I opened short position because I observed that perhaps we will have reversal at this point due to the following reasons : candle lower low from yesterday and it is already to move out from uptrend channel and shape another one eliot wave. At previous trading channels the fibonacci is 98% accurate and I believe the stock will decline for a little at fibo supports...
Going to try a $42.50 call into the end of the week here at $0.45, looking for these to keep running to end the year...
Confirmation signals: - Key reversal (KR) buy signal - Volume spike - RSI Divergence - Trend line respected Take Profit 52.68 Buy stop 47.23 Stop Loss 45.25
$LUV - Key Levels and Analysis This looks like a good place to start a position. I do think it will go a little lower and the add levels are labeled… Sell target 55.24 Add at 47 Double target 44.34 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my...
I did start a very small $LUV position here ---> Target 55.24 for 10.95% Or next add at 44.34 Well… I started a very small position here… even though I’m still pretty bearish on Airlines (Especially after having a horrible experience on a flight this week… getting cancelled twice, but I’m trying to keep that bias out of my analysis) So small position here…...
Long $LUV (South west Airlines) Bouncing from trend line. Target $53.50
Using the wycoff model it seems we are at the consolidation phase and can rally in coming days.