Jet Blue About To Leave The Runway !
Updated
JBLU strikes a few points of interest if one is looking to fly away.
4hr chart I see smart money activity entering .
We have a 'W" or double bottom pattern. If you can't see it look at it using a line chart it'll smack you in the face.
Summer time is vacation time. How do people get to their destination? Yep, fly baby fly.
Targets for now, 5.89
Target #2 6.21.
If she really takes off I'll be back here and tell you what I see and outline more targets.
Stay humble, be happy and let the markets make you money but don't forget to take profits.
4hr chart I see smart money activity entering .
We have a 'W" or double bottom pattern. If you can't see it look at it using a line chart it'll smack you in the face.
Summer time is vacation time. How do people get to their destination? Yep, fly baby fly.
Targets for now, 5.89
Target #2 6.21.
If she really takes off I'll be back here and tell you what I see and outline more targets.
Stay humble, be happy and let the markets make you money but don't forget to take profits.
Note
My fellow traders! Here we are a month later and the Jet is still up in the air flying.End of the month with a positive looking chart on the daily. 1) We are above the 200ma. 2) we have a W pattern. 3) Earnings came out positive.
Looking at the daily and monthly I see 13.58 on the horizon. So far that's the destination this bird is flying to. Stay on board and at some point you will earn your wings with lot's of profits.
Until I notice any changes we are looking good so far to date.
Stay profitable, while enjoying the summer fun. Cheers!
Note
The blue jet has landed only yielding slightly above my targets before descending.
My thoughts on the chart look slim of reaching higher than $6 now. I no longer have hope or interest in this stock. First targets met and anything after would have been a bonus but selling removes our chances at anything higher at the moment.
If something changes I'll mention something here again. In meantime keep an eye on your higher TF charts as they are the compass to direction and profits.
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