$ALK
Updated
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 longer term.
MACD: Still going down
RSI: like MACD strong downtrend still
Plan: Wait for the reversal and then make a definite plan
Shares:
Entry:
Stop:
Target1:
Target2:
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 longer term.
MACD: Still going down
RSI: like MACD strong downtrend still
Plan: Wait for the reversal and then make a definite plan
Shares:
Entry:
Stop:
Target1:
Target2:
Note
Candles are getting smaller and the upper wick shows that the bulls have put up a fight. Still looking for this to go down some more.MACD showing strong down trend still.
Note
Going according to plan really
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