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NEW POSITION $LUV Target 64.78 for 15.93% $LUV Target 64.78 for 15.93% Or double position at 46.98 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:LUVLong
by SPYder_QQQueen_Trading
1
ABNB Summer runner + new highsABNB Daily TF ----------------- Analysis Strong name and after 2021 Q1 earnings, reporting revenue has already recovered to pre pandemic levels... $ABNB is showing strength for stockholders and more growth to come with International travel still on the verge of recovering. Possibly see an increase in $ABNB bookings with travel activity increasing as summer approaches. Now... after nearly correcting 40% from ATHs, looks like we have reached a nice bottom consolidation in 129-139 ranges with a nice breakout to 152.70 and building support around 144 level. Nice bull flag set up with two daily inside candles to start the week. These next couple days will determine direction. Ideally would like to see this push to 151 by the next two days, and open the next day above the previous days close for continuation to new highs (over 152.70 is breakout level). Targets: 155, 162, 173 Key Levels Support: 146.38, 143.88, 141 Resistance: 151, 152.70 Trade Ideas 1.Shares 2. 1-2+ week out calls (atm/ otm 5-10pts out *further otm buy more time*)
NASDAQ:ABNBLong
by jUiCE_Trades
Southwest Airlines Looks Like It Wants to BreakawaySelling climax and capitulation occurred during period from Mar-2020 thru early Aug-2020. Covid-19 infection rates were shifting into acceleration mode and an effective vaccine had yet to be developed/approved. Economic conditions were deteriorating and the airline industry was barely "hanging by a thread". So what's different? Global economic recovery and loosening of TSA restrictions and CDC guidelines are a relief to both businesses and consumers. That's the fundamental story undergirding this price action in LUV. Technically speaking, LUV is undergoing a consolidation phase which began @ 3 months ago. This weekly chart shows a classic cup-with-handle pattern and typically is followed by a breakout to new highs or, at the very least, a high probability to test prior resistance levels @ 65-67 price levels. This creates a short-term trading opportunity or potential for an extended run for more patient investors who subscribe to the economic recovery investment thesis. Signing off.... J Clinton Hill TechnicallyMacro.com
NYSE:LUVLong
by Technically-Macro
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines. Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth. I am publishing this idea a bit later then I should, but still it is a great buy opportunity. Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
NASDAQ:AALLong
by TraderEugene_
$JETS - Recovery of the Airline Industry“The U.S. Global Jets ETF $JETS provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.” TECHNICALS $JETS is currently trading at $25.50 which is 13% below their most recent high of $28.98 which was made in March 2021. The stock has been in an upward trend since October 2020 as a result of increased vaccinations around the world and strong guidance. As seen on the chart, between 2017 and early 2020 $JETS established a strong support zone between $27.50 and $28.50. With travel expected to increase into the summer and vaccinations continue to be rolled out, $JETS can potentially see a 10% move and settle between $27.50 and $28.50 in the coming months. RECOVERY Based on their most recent earnings reports, airline companies such as $AAL, $DAL, $LUV, and $UAL have all posted that their revenue is up 100% or more from their pandemic lows. Although revenue is sitting around 50% of pre-pandemic levels, the growing number suggests that the industry is recovering. RISKS The greatest risk to the travel industry at the moment is the massive increase in covid cases in India and the emergence of the new covid variant B.1.617. Although much more information is needed, the new variant appears to be spreading at a much faster rate than before and it is unknown if vaccines will help prevent the contraction of the virus. Anthony, OptionsSwing Analyst
AMEX:JETSLong
by optionsswing
2
LUV breaks pre-COVID weekly resistance NYSE:LUV has recently broken through weekly pre-COVID resistance. With travel becoming a focus with a world trying to emerge from a pandemic, look for airline stocks to benefit, at least for the medium term. I would look for a retest and possible bounce off that previous resistance level. Wait for the retest, though, and see how that price interacts. For reference, the AMEX:JETS ETF is published. Many of the other airlines are just bumping into their pre-COVID support levels. If they break though, that could be a long trade. If you're looking for an outperformer, though, look for a place to safely jump into NYSE:SAVE .
NYSE:LUVLong
by randomjohn
AMERICAN AIRLINES rebound approaches $28.27American airlines has been on a Long term downtrend like Singapore airlines since October of 2018. The pandemic accelerated that downtrend to a low of $8.25. A long signal on 9/11/20 at the price of $12.70 targeted the monthly pivot at $28.27 As we approach the rebound target, the daily support will play an import pivot as an over head resistance in 27 month downtrend. LONG TERM DOWNTREND SINCE 011018 MEDIUM TERM UPTREND SINCE 301120 SHORT TERM UPTREND SINCE 091120 PIVOT 21.23 Long position above 21.23 for 28.27 and 36.54 Short positions below 21.23 for 18.42 and 17.31
NASDAQ:AAL
by gekkohot
Air Canada - Take Profit Zone?RSI just reached overbought territory on the weekly. Some cooldown can be expected, how low can it dip though really? AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time. Currently has seen a nice upswing in price with tremendous growth in volume. Different support levels indicated for possible re-entries. Could see $36+ later this year, time to set up!
TSX:AC
by thiluxan_s
1