JBLU appearing to have found a local bottom. Bullish divergence with RSI on timescales of weeks and months. Heavily tested support holding for now, following the break from a strong downward channel. Strongly correlated with UAL and related transportation & industrial "reopening" stocks. Considering alongside recent positive catalysts, some may see this 14.00 level as a good buying opportunity. First resistance expected at 15.50, where it should meet the MA50 if the bounce manifests.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.