xcbickel

xcbickel

This looks like a pretty plain and simple head and shoulders formation on the 1H chart. I would expect price to get close to the rising support ($11.00) before bouncing.

xcbickel

The airline sector has been rock solid over the past 2 weeks. With hopes of travel once again starting to open up the price of major airlines saw a considerable boost. I feel that the impulse has exhausted its buying supply and that we will see some selling going on for the first few days of the week next week. Currently the RSI is in oversbought territory,...

xcbickel

In early May, Spirit airlines was tanking. I had recognized that there was a double bottom in play at the 7.50 range so I loaded up on some SAVE shares to look for a profit taking move. For the past week, this stock has been on fire, having multiple days of 30%+ gains. I feel that we are going to see some downward potential here in the short term. RSI is currently...

xcbickel

Ever since the news broke out that NCLH could support itself without income for up to 18 months, this stock has been on fire. Jumping from around 10.00 per share all the way up to 22.00 per share. I believe that this impulse has run its course and that we may see a bit of a sell off here as traders lock in profits. If you notice the yellow downward sloping...

xcbickel

Spirit Airlines chart has looked terrible over the past week and a half. Thankfully I believe that this stock may be in for quite a relief bounce. It looks like SAVE could have formed a double bottom at around $7.20. This recent low was formed in Mid March, and as price approaced this range this past week, it bounced off perfectly showing that level to be a strong...