Looking to start a longer-term position with JETS ETF.
Currently reclaimed its wedge structure from a TA perspective.
Math-wise, I am looking for a mean reversion back up to around the 20$ range.
The current mean is 24$.
Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an opportunity to late entrants.
Just my thoughts!
Currently reclaimed its wedge structure from a TA perspective.
Math-wise, I am looking for a mean reversion back up to around the 20$ range.
The current mean is 24$.
Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an opportunity to late entrants.
Just my thoughts!
Note
Its broken out on the lower timeframes.I am in a small position. If the breakout sustains I will add.
Trade active
Slowly but surely we are making our way!There was a re-test of the breakout and hold. So hopefully we see some speed pick up!
Note
FInally reached the target zone! We have seen a rejecton on it though.We need to break over the immediate resistance for a continuation up. Let's see if it can pull it off!
Some airlines are releasing earnings this week, so let's see if that does it.
Half out, half still in!
Note
Its interesting to see this idea still holding strong at exactly just over 1 year later :O. 
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- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
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.
Easter sale starts April 18th for 50% off!
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
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.