Long
SAVE is a bright spot and could emerge stronger!
A quick look at the monthly pattern supports the thesis of SAVE breaking a new bullish pattern. It is likely to happen after a more protracted draw in its share price, judjing on the gains initiated from previous support levels. A bullish trend is contingent on travel resuming across its major destinations and the new routes SAVE announced. What is interesting is that falling volumes have not immediately caused a bearish bias, and some range trading is expected between $26.31 and $27.50. A new breakout pattern above $27 will set a new floor for the stock price, and any reversals will likely reflect previous trends, leaving the stock to trade between $25.34 and $25.39.
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