I like to use JETS to trade any of the airline stocks( DAL , UAL , AAL , LUV , JBLU , SAVE . It seems the overall market could just pull back a little and continue on with the short squeeze, so if the last gap up pattern plays out again, I'll be entering positions in a few airline stocks when JETS traces back to bottom of the gap up candle.
In early May, Spirit airlines was tanking. I had recognized that there was a double bottom in play at the 7.50 range so I loaded up on some SAVE shares to look for a profit taking move. For the past week, this stock has been on fire, having multiple days of 30%+ gains. I feel that we are going to see some downward potential here in the short term. RSI is currently...
$SAVE is still in bearish side and after it formed an unconfirmed cup, now it is looking for its direction. Breaking below $7.25 will confirm the cup w handle,inverted. There is a positive divergence which is a signal for upward. However, there are 20SMA (red one) and 50SMA ahed will work as the resistances. I would wait to get above $18.68 to be long. If you...
It's just so Obvi... This is my 1st and personal favorite chart analysis. Im sure theres more that look like it, making this even more Obvi. I have a 200 and 600 SMAs trailer only available in premium that everytime they intersect (Blue Circles) its just so obvi where a next peak may be. I tried to replicate them with the ones visible now. Besides the chart,...
Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal. Objective: We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45...
Buying the dip, Gan Fans show our support / resistance lines. Earnings have turned around.
Great uppward support line since last May, except for when it was oversold in October due to ebola scare. Downward resistence line since December forming a wedge pattern. I believe Spirit Airlines will test 80.00 one more time before eventually breaking through the wedge to all-time highs around 85.00.