LUV
Southwest Airlines ready for the next move?Nice running flag forming with consolidation within. Will keep an eye on it and time the entry on the lower time frames if a setup present itself.
What I want to see on the lower time frame are reversal patterns like H1 double top / wedge / H&S etc.
Corora Airline- Southwest (LUV) BUY Airlines provide high reward but with a high risk to take advantage there are certaim combination of trading methods to provide better opportunity
Southwest(LUV) is the only airline that as of today with positive cash flow(2.96 Billion). Spirit Airlines(SAVE) is classify as a cheap convenient airline books only have -2.79 billion in debt(This can be forgiven or refinanced overnight with gov aid)
Target and stop in graph
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LUV signaled back on 6/08 and the target is $40.59NYSE:LUV
Can you feel the LUV? I do! I'm in on this one already and I'm looking to add more options on any dips.
AAL DAL and the Airline Destiny Airlines earning are all due in July:
DAL 14 July BMO est. $-4.06 / $2.17B
UAL 21 July AMC est $-9.41 / $1.14B
AAL 23 July BMO est. $-7.03 / $1.43B
LUV 23 July BMO est. $-2.67 / $0.54B
All eyes will be on DAL tomorrow to sense where this mess is going.
As for AAL, it closed above the downward sloping trendline but this could be easily a bull trap. I will not get excited yet. I believe DAL earnings will have a big impact on the industry.
Trendline may act as support and hence may create a better odds for long positions.
With FIB resistances intact, I need to see decisive solid breaks to get in. Volume Volume Volume.
This analysis represents my own view and it isn't a recommendation. Readers should do their own studies before taking on any position. Data in this analysis aren't guaranteed for accuracy.
Wise trading everyone.
Multi-theory and TA only Bull argument for LUV.First and foremost, LUV appears to be forming an inverted H&S. Target breakout of IHS = $47.70 (First level of resistance). Once breakout confirmed, Target 2 = $52-57.
The level of $47 has been solid support over the past months prior to the price finally dipping below the support in Feb.
You can see on May 15th, LUV was able to breakout to the top side of it's descending wedge. Since then, a strong impulse wave brought the action back to shoulder level.
Watch for a breakout above $41 before adding longs.
OTHER TECHNICALS-
RSI is trending up with bullish divergence.
Volume profile shows significant interest in the current price range compared to the previous range.
LUV - SouthwestFollowing the channel down smoothly and having the sudden spike in price is being followed by a move back down. From the high of the short bear rally price has already retraced 50% of its gains. Making its way towards the .382 value to make the next test on that range. Looking to see for a potential low area underneath for target range
AAL short (since $20, late post my bad)I have been shorting this since $20 and expect another 20% drop in the next coming days! The similarities are impeccable. Next time there is a pump I will be loading on SAVE and LUV! Don't like AAL for longterm.
AAL ShortWe have a descending flag forming here on AAL. I expect to see it break down and have sharp reversal downwards.
Long LUV Change of directionLong on South West finally waking key directional changes. Time to rally
$LUV UPDATE - TA WORKSUpdating the chart as a cheers to my buddy who's killing this trade. Cheers to Kyle!!
Sharing a LUV Chart with a friendSome example targets & trend-lines are shown. Take proper precautions.
AAL LongAmerican has been lagging behind airlines and should see a nice move upwards once it breaks above this neckline.
LONG $GOL, longtermBrazilian airline stock $GOL has a perfect set up, bought it last night, and its up 20% already!
Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely!
Price Target: $10-$20
Well Played WarrenBuffet is done selling we know, but a lot of retail is stuck in the 30$'s...can we rally, or one more leg down?
Southwest Airlines Could Break Big - Swing Only Literally Southwest could break really big here. Little expensive, but not a bad short term gain. 8-10% possibly.
