Reverse Head and Shoulders forming from March 2019 - Present (April 10th 2019). With good news coming from $JBLU related to their travel expansion, I see this stock going way up !
JBLU is approaching its resistance at 18.59 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 17.47 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
JBLU- JetBlue is one of the few trading opportunities I see these days. The downtrend seems to be broken and there are two gaps. Today's gap looks good too.
A 5 wave formation has finished, I suspect an ABC pull back to somewhere around the 38.2% fib retracement. Risking only .67 on the trade, with a 2.84 target or 14.01%.