Norwegian looks extremely interesting here are my top 3 thoughts on what will happen! AALGGOL looks like this as well, wouldn't be surprised if lots of stocks in this sector looked like this. My personal take is we break through it (as much as I hate to say it)
1. (green line) we test 17.90 then bounce or simply break right through 20.38 to reach high 30s 2. (orange line) we consolidate for a couple days between 17-19 (bullish) then push past 20s to 30s 3. (red line) we reject 20.38 and fall to 12-14 dollar range... or we have a fake breakout and then reject hard falling to 12-14 dollar range
Trade active
broke out pre market, if today holds.. safe to say we can see $30 next week.
Note
I would like to see a break of $24-26 to see a continuation, very unlikely... bearish on airlines as well
Note
expecting to see this tumbledown along with airlines soon.. I will say it is holding better than airlines...
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