ALK is bouncing off its support trendline just like other airlines. Looking to go long but beware of the red resistance line.
News: Airlines not performing well in general Observations: Weekly: Price in lng pullback towards the 200MA since Feb 2017 similar to what happened late 2015 until June 2016. So price may have a long way to go still but catching one of the upwards moves is the aim here Daily: Support around $75-76 where it could bounce. This one might well be on my watch for...
ALK had a nice retest of a previous level. Decent pattern showed up, similar to a inverted H&S. Targets are listed short term. Fib extensions longer term if triggered and earnings make investors happy.a
but higher high and higher low on daily gives bulls hope.
ALK has broken out of its Minuette Wave (iv) in good momentum after finding supporting at its 50% fib retracement. Look for a minute upside target of $101.43 with SL at low of Minuette Wave (iv) at $82.03. Break of this low will invalidate this analysis.
its building on the inverted HnS pattern, lets see if it follows through with a breakout..
I like the pattern, fridays volume was nice, today's volume was average but good candle. If Inverted Head and shoulders confirms I like the two target lines listed. 4:1 Risk/Reward
Levels listed below as potential targets.
After forming a perfect Head & Shoulders pattern, a larger Head & Shoulders is taking shape. The already completed H&S pattern is pretty much a picture perfect formation. - Left shoulder shows strong volume on the upside and lower volume on down days - The head shows increased volume on positive days at the beginning, but volume fades as ALK makes higher highs....
I like this stock but only for a very short term move because earnings are in one week so im just looking for a 5 days move. This is why i like this stock: The stock bouced at a very strong support line. There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close...
The stock might have completed its bottom as an inverted head and shoulders just got completed. My target is 82-86. Time to buy?
$ALK ihs on daily. Looking for a move up.
We have reached the top and at the same time the bottom line of the former uptrend. The shooting star yesterday confirmes the resistance.
And the Vortex Indicator is already turning up.
My good friend Nick Coulby (@ncoulb1) has brought this stock to my attention and I think it could constitue a nice addition to a long term portfolio, with good valuation after testing a massive support level, and expanding the daily range up today. You could opt for shorting puts or going long stock, with either a 1 or a 3 ATR stop loss here, depending on your...