Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned...
Airline stocks endured a miserable 2020 due to the pandemic, but Mesa is not a typical airline. The company operates small planes under contracts with larger partners. In Mesa's case, that means it flies primarily for American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Deutsche Post (OTC: DPSGY) DHL. The fee-for-service model has...
$MESA traded with a substantial day gain of +9.01%, closing at a 52 weeks high of $14.16 this morning. Share price of $MESA have doubled from $6.80 within a short span of four trading weeks, upon breaking out of a Symmetrical Triangle chart pattern with flattening volume and implied volatility over the course of two months. This price action behavior also...
Incredible 300% increase over just a range of about 100 days. Earnings have been over expectation for the last two quarters and there is a dramatic increase in volume over the last week. The options market has started to increase as well with 10,000 Open interest for the $12 Call with the 19 Mar 21 exp. Looking to see how price reacts from this current high....
Bullish Pennant
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
ATR Ascending
R/R ratio above 9
250RSI above 50
200MA ascending
Target:
PT = 19.25$
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Broke out of falling wedge/bull flag to the upside & re-tested the break out
Daily and 4hr hidden bullish divergence
on the MACD and RSI
Stop is below lowest candle low of the retracement
1st, 2nd & 3rd Targets are all at each resistance level
MESA broke the bullish flag. We got at 7 dollars. they are expected to beat earnings and they are one of the few airlines that are profitable during the pandemic.
MESA making a substantial move pre market on good volume after releasing positive contract news.
Will be on the day trade list in the hope we see continuation into the open.
As we already see the yearly candle resistance @ $8.94 is a possible target.
Contextual immersion trading strategy idea.
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc., which provides regional air carrier services under capacity purchase agreements with American Airlines and United Airlines.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the...
