Southwest Airlines (LUV) forming an ascending triangle
Updated
I believe that LUV is one of the strongest airlines financially, and it also serves the consumer market more heavily than many of it's business oriented competitors.
With vaccines and stimulus headed down the pipeline for 2021, and pent up consumer travel demand lingering, I think that we see most airlines rally in the 2-4 months.
I chose Southwest because I like the chart on it, and it has strong fundamentals supporting it as well.
With vaccines and stimulus headed down the pipeline for 2021, and pent up consumer travel demand lingering, I think that we see most airlines rally in the 2-4 months.
I chose Southwest because I like the chart on it, and it has strong fundamentals supporting it as well.
Note
nailed it, trade closed at $48Trade closed: target reached
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.