Jet Fuel Takes OffWhen will jet fuel stop making all time highs? I think this speaks volumes about the continued pace of inflation combined with a post-2020 "get me outta here and fly me somewhere" mentality, in addition to other factors. So now people want to fly after not flying for a few years. Why do we have to pay mafia level prices now? I guess now it's time for the propaganda machine to shift the narrative to blaming people for their sudden surge flying habits, which still considerably falls short of pre-2020 levels. Rather than looking at the true source of price inflation: Yes, I mean the mafia overlords themselves at the Federal Reserve, their higher order of archdemon overlords will shift blame to something else. If our eating habits were to become an increasing result of centralized policy, for example, we'd all be forced to eat hot dogs and drink orange juice right about now - the only items in the CPI where it seems inflation is somewhat accurately portrayed.
I can imagine the posters already:
PLEASE refrain from your disgusting urges of flying, LOYAL citizens!
Take this delicious and nutritious diet of HOT DOGS and ORANGE JUICE instead.
Do Uncle Sam PROUD, FIGHT inflation TODAY!
Do your part for OUR NATION!
Oh my...
Seriously though, you gotta give some respect to orange juice , SO FAR:
Good luck and don't forget to hedge your bets! ;)
Travel
Novaturas (NTU1L) | Breakout From The Chart Pattern.Hi,
Novaturas has made a breakout from the bullish chart pattern called Falling Wedge. Mid-term higher high will confirm it and currently the retest are taking place which is also supported with strong horizontal area.
Do your own research and if it's matching with my TA then you are ready to go!
Regards,
Vaido
RCL in a long term downward trendLooking at the past two years of charts for RCL (one of my favorite stocks, also a cruise line member, nice little perk if you own 100 shares on each trip).
So charting this out taking out the noise of March 2020 we are in a downward channel, but it is not a very steep downward channel which is comforting.
Looking for buying opportunities at the bottom of the channel and then waiting to see price action at the top of the channel. Very careful on the buys right now given the pressure on the entire market at the moment, and also the amount of debt that the leisure travel industry has on it at the moment.
Full Analysis (Price Action, ichimoku, & more!) on AC! BTFD!My friend is heavily invested in Air Canada and was looking for some potential break outs (or break downs!), so I ran through the whole analysis playbook of how I look at stocks.
In this video, I cover how to analyze price action, fibonacci, some pattern techniques, moving averages, and ichimoku.
Overall, I'm looking to buy the dips with optimal entry around $21.35. My stop would be around $19.11, with my first Price Target around $34, putting us at a R/R of 13/2.5 = 5:1! I'd be looking for a big move within 2 weeks (by April 25). I'd 100% play $26-27 July 2023 calls.
Good luck out there and let me know if you want me to take a look at any other tickers!
Cheers,
-TMoney
Long - Looks like a very strong upside candidate
1 Price above VWAP, 200D, 100D and 50D SMA: Yes
2 100D SMA > 200D SMA: Yes
3 50D SMA > 100D SMA: Yes
4 200 SMA trending up: Yes
5 100 SMA trending up: Yes
6 50 SMA trending up: Yes
7 RSI > 70: Yes
8 Clear past: no resistance Yes
9 Above 52WH: Yes
10 Recent high volumes: Yes
11 Increasing Revenue: Yes
12 Expanding Margins: Yes
13 Sector Outlook: Positive
14 Pattern: Huge cup and handle
15 Held well since beg. of Jan 2022: Yes
16 Market Position: Leader in inflight internet in NA
17 Entry Target: $16-$17
18 Stop Loss: $14
United Airlines (NASDAQ: $UAL) Looking Like A Buy Opportunity! United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
Technical analysis update: JETS (8th February 2022)The airlines sector has been strongly impacted during the Covid 19 crisis which resulted in slump of most aviation related stocks. Over the past two years, this sector has been lagging behind the rest of the economy as a result of persisting lockdowns, travel restrictions and other health related mandates. Although, some countries such as Italy, Great Britain, Denmark, Norway and Switzerland are already seeing restrictions on social life being eased. We expect this phenomenon to continue globally and strengthen over time as the Omicron variant poses lower health risk when compared to previous strains of the virus. We view this as a very positive development for the airline sector and as one that will bring air travel back to life over time. Additionally, we think this will act as a catalyst which will result in a revival of the bullish trend. At the moment, the JETS ETF remains approximately 36% below its all time high value which is attractive pricing in our opinion. Further, we are becoming increasingly bullish on the JETS ETF; because of that we would like to set a short-term price target to 23 USD and medium-term price target to 25 USD. Additionally, we would like to set a long-term price target to 30 USD.
Illustration 1.01
Illustration above shows the weekly chart of combined market cap of AAL+DAL+LUV+BA. It is 45% below its all time high value from February 2019.
Illustration 1.02
Illustration above shows the weekly chart of combined market cap of LHA+AF+RYAAY. It is approximately 17% below its all time high value from November 2017.
Technical analysis - daily time frame
RSI is bullish. MACD is due to perform a bullish crossover which strongly bolsters the bullish case for JETS. Stochastic is bullish too. DM+ and DM- show bullish conditions in the market. However, ADX contains low value which suggests that the prevailing trend is either neutral or very weak.
Illustration 1.03
Picture above shows the daily chart of JETS. It also shows the downward moving channel where upper bound acts as resistance and lower bound as support. We expect an eventual breakout above the resistance. Breakout setup for this trade would involve entry above the resistance and stop-loss below it.
Technical analysis - weekly time frame
RSI is bullish. MACD remains in the bearish area; though, it is flat and trying to turn to the upside. Stochastic is neutral. DM+ and DM- are bearish with ADX showing presence of weak or neutral trend.
Support and resistance
Resistance 1 lies at 22.94 USD and Resistance 2 at 25.20 USD. Resistance 3 sits at 28.98 USD. Support 1 can be found at 19.28 USD.
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
BA - Channel breakout test
MAs converged nicely+++
Price holding above all MAs++
Price still below 3D VWMA and 200 DMA --
Lack of volume and follow through --
Oil prices -
Takeway: still needs to build above 225 to absorb the overhead supply...might start to ramp into summer as travel picks up again.
HLT is coming below $120 within a short time!Technical Reason:
1. Failed to break $160 ( three times)
2. RSI strong negative divergence.
3. Elliot Wave Complete
4.fibonacci 161% is at around $115 level
Fundamental Reason:
1. Long-term Covid effects in this industry
2. Higher Inflation. Increasing oil prices will further hit the industry negatively!
3. Company's debt is very high, lower operating margin. Net Asset Value is negative!
4. Further more, if war between Russia and Ukraine starts, inflation will further increase and travel-tourism industry will be the worst sufferer! Many companies might be bankrupted!
$WH: A Decent Post-COVID play?As cases drop dramatically and interest rates rise, could affordable hotel name stocks be a good way to get exposure? Presumably as credit comes out of the economy, there will be less desire for higher end names. Also while 41 P/E may be high for a hotel chain, other's in the same space are running extremely high / negative PE's. I'll be looking to play this one to the long side and scaling in. Good luck traders
My Tenbagger pick for 2022 - Carnival CorporationDear traders,
Today I would like to introduce you to my top pick for 2022: The Carnival Corporation, or also known as Aida.
This stock looks great in terms of both charts and fundamentals. I think we have a potential tenbagger here for the next 1-2 years, which is at the beginning of a strong impulse upwards.
As you can see, we have completed wave 1 and possibly wave 2 as well. Wave 1 has the shape of a diagonal and wave 2 the simple shape of a zig-zag that reacted to the 61.8% Fibonacci retracement with enormous purchases. From a fundamental point of view, it is a cruise giant with a monopoly position. But what is interesting for me is the current inflation. Inflation does not seem to have arrived in the travel sector due to persistent restrictions on international travel in the travel sector. I think that if we move towards endemic we will get a huge boost in demand in the travel sector, which of course will also boost prices and the Carnival Corporation could benefit enormously from it.
I have set possible price targets for a wave 3 extension based on Fibonacci ratios. The maximum price target would be $ 155.97 which would mark a new all time high. I think this is perfectly realistic.
This is not investment advice, just my own opinion.
RT
Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart:
1. Made the first higher low
2. Stayed above the 0.236 Fib line
3. RSI 14 crossed RSI 50
Looking CCL to move to the 0.382 Fib line and hoping it will either:
1. Stay above
2. Make a higher high and create a bullish trend.
PS. This is not a financial advise nor I am a financial advisor.
GBPUSD LONG SWING TRADE. Technical AnalysisGood evening guys. The Pound is currently on a key support level. Looking at the 4hour candle we'll see 3 bullish exhaustion candlesticks all signaling an increase in demand. Next, I move into the 15minutes to get an optimal entry, my RSI is currently at 58.42, I'll just wait till it returns to an oversold region(below 30), this will serve as a good entry to risk 15pips, 100pips as a monthly target.
If you want to know how I draw my supply and demand zones just send me a message. Follow my page to stay updated on my daily setups and Investment opportunities.
$AAWW: Flying SoloAAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
long $YOUWeekly candle looks like it's hitting an important level of support. I'm expecting a turnaround.
Potential area's of resistance that will hopefully turn to support are:
50-day MA @ $43.37
.236 Fib @ $44.03
VWAP from ATH @ $46.11
I could easily see it back at $44 in the next two weeks. Maybe even by the end of the week.
With global travel expected to be fully back by 2022, Clear Secure ( YOU ) is a solid 6 month to 1 year hold depending on how things shake out in 2022.
long YOU as global travel returnsYOU with a bullish 20-day MA crossing through 50-day MA. Already filled the gap up so it's ready to continue on its upward trend which seems to be forming a channel that it will trade between. RSI at 50 used to be resistance, now it seems to be support.
Global travel coming back fast. Should be in full swing by the end of the month, the travel ban was lifted on Nov 8th.
YOU provides a very useful service to airports/airlines where they make it extremely easy to verify who you are using biometrics.