LUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which...
1W Chart, Southwest Airlines Company (LUV) : MACD : Has been under the histogram since September, 2021, with two attempts to break through the surface, one third move up, should break the ice... RSI : Has been moving into a band between 31.00 and 55.00 PRICE : Has been steadily moving up after bouncing twice around $30, testing the 100MA signal resistance...
$SAVE #Southwest Descending wedge, trading under major Weekly horizontal support. Breakout of wedge retest $33 likely. If $40 breaks, W breakout PT would be $62. Breakdown, play to 15.35 then to 7.35.
LONG HOMIE RUN MY SWEET BABY
***Analyst Based on analysts offering 12 month price targets for LUV in the last 3 months. The average price target is $56.5 with a high estimate of $65 and a low estimate of $50 ***So far this is the worst airline for insider selling !!!! Zero buying Insider Ownership Percentage: 0.28% Insider Buying (Last 12 Months): $0.00 Insider Selling (Last 12...
Airline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and...
$LUV Southwest Airlines - Ascending Triangle Monitor for a close today above $42.50 for confirmation. Near term target - $48 by mid-November Note: This is NOT investment advice.
Follow me for MORE PICKS! Welcome to Tony's Picks I enjoy analyzing charts and have come across this interesting idea that I would like to share for discussion. After our March - May crash I spot a quick trend to completion followed by a typical zig zag (5-3-5) counter trend. If this idea proves true I see us continue another trendy move and enter a long wave 5...
The airlines industry seems to have found a bottom over the past couple of months while the general market has rallied. It may be a good idea to start accumulating positions in some of these potential long term value plays before a possible sector rotation into the airlines industry. Here $LUV broke out of its falling wedge and the pullback gave us: 1) Support...
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.
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...
Following 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
Literally Southwest could break really big here. Little expensive, but not a bad short term gain. 8-10% possibly.
It is a good situation to enter buy position in LUV Take a look to these technical items: 1- Dovergence+ (RSI) 2- Oversold (Stochastic) 3- Volume size lets get the profit$$
I will be looking for $AAL to follow this falling wedge downwards and likely lag till earnings. Earnings may cause more downside. Wall Street Journal EPS Projection: -$1.83 More realistic EPS: -$2.47 I believe revenue projections are heavily understated as shown by Ford. $UAL has quarterly revenues under 10 billion and predicted a revenue loss in march alone...
$AAL coming up on resistance, looking to see what happens Monday, expecting the price to go into the $13s and will be looking for a short entry around $13.50. Target Price: $9 Stop Loss: $15.50 Will likely be going with an option for this trade. Buy Put May 15 $7 strike @~.40 BOL
This is my first TradingView video, hope you guys enjoy! Be sure to leave a like, follow, and comment! Southwest Airlines is a potential gem in this market as trade wars with China escalate. As Boeing ramps up production of their Max jets, Southwest also ramps up their flights as they are a primary user of the Boeing Max jets. Southwest did beat their...
Southwest recently started flying to Hawaii, and the stock price had a roaring January! Southwest continues to grow and the Megalodon is giving the buy sign on the technical side! The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all...