JETS flagging on new channelTechnical Analysis
On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside.
There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30.
I am using a stop under the 10sma to take partial profits.
Fundamental Analysis
The market is a forward looking mechanism, with the path of the recovery setting a potential comeback for Airlines for Spring; JETS is fundamentally undervalued right now.
Travel
SPCE is a Goldmine in 2021 www.virgingalactic.com
Dec 11th is a major deal! This is the 1st of two test flights until they "Have a go!" and send real passengers into space. The list is long with a lot of Billionaires :) at I think $250K a head WOW!
"Before passengers climb aboard the suborbital space plane SpaceShipTwo, the space tourism firm will send at least two powered test spaceflights aloft from New Mexico's Spaceport America, where the company moved earlier this year."
Tripadvisor. Wait for $$$ and restoraration in 2021.Montly
Downtrend since 2014
Weekly
Flat in downtrend
Daily
Flat
Till the best times i assume flat and low volatile.
Position in sector.
From financial statistic by EPS it looks lower than Booking and Carnival Lines.
I will check that stock after 1-3 month. Now it is not attreactive.
Risky Play For American AirlinesI think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play.
Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r play, but for me it's too much of a risk.
I would need more time to see trend start to develop for a position on american airlines, as we do sit under Resistance.
Premarket is doing good, but I'm not looking at this from an intraday perspective. I say let it develop.
Sell Short: Golden Entertainment - Resorts CasinosSell Short: Golden Entertainment Inc - Ticker: GDEN - Sector: Consumer Cyclical Industry: Resorts & Casinos
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Sell Entry: 11.33 to 8.30
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
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Expedia up 50% since Q1Expedia has risen up nearly 50% during Q2 in 2020. A market that many believed would be shocked by coronavirus shockwaves continues to thrive as traveller are looking to get away from high risk areas. Meeting some resistance levels now from previous highs, we may see a slight dip in price before next earnings rallies.
Booking: Forming a very bullish long-term pattern.BKNG has just rebounded off its recent 1D pull-back on the 1D MA50. As in 2016, the recent top was made on the 0.786 Fibonacci retracement level. We expect a slow rise towards the Lower High of the Bearish Megaphone and if crossed aggressive rise to new ATH.
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$ALGT short term sell or long term hold? NASDAQ:ALGT
Personally I've become a fan of this stock.
I've slowly started getting into conservative long-term investments with gains from quick swing trades. Relatively good dividend yield stocks in a solid market seem to naturally be my choice thus far.
However with Covid-19 still lingering in many countries, travels markets like airliners can still be considered a risky investment. Especially one of the 'smaller' companies like Allegiant.
I've flown Allegiant quite a few times, and I have family in the industry. They're more of a budget airline, and there's plenty of complaints to be found on the discomfort of riding Allegiant. That said, in an industry where not all of the average citizens can afford to participate in, ALGT is common, effective compromise to affordable flying.
But I'm getting off track.
ALGT has seen a nice rally lately. I've been trying to determine if I should take profits or continue to hold, considering this is really a more long term investment choice.
I'm likely going to take some profits quickly and look to enter around the ~$90 area if this setup continues to play out.
If that plays out, it would be amazing to see it come up and reach for the target price of $150 right around the next Earnings report.
Hopefully at that time we'll have a better idea of the current state of the market and be able to use the earnings to help determine the plays for the future.
I'm not the most confident in taking profits now, as I'm trying to keep this in the long term section of my portfolio and this rally could continue on through the week. But after seeing solid gains so quickly, I'm siding with playing it safe and selling in an effort to secure the continuing trend of gains I've been lucky to have since March
The beauty with a company like this in one of the stronger markets, and with a decent dividend yield, it's hardly ever a bad time to add ALGT to your portfolio if you're willing to hold onto it for awhile.
If anyone has any critiques, opinions, etc please feel free to comment & like this simple analysis!
~~Possible quick sell opportunity, with a reentry in the $90-$100 range
~~Overall target price ~$150 around Earnings next month
PAPERTRADING - What To Do When On The Road - 05/15/20 RECAPHi traders,
Let's change gear for a bit and talk about what a professional trader should do when away from his/her computer.
My answer is simple: PAPERTRADE!
I was away on Friday, but did my regular preparation and stuck around for the open to practice. I found 2 opportunities, one long and one short. Both worked!
What do YOU do when on the road? Let me know!
I will not be including these trades in my PnL statistics.
Tom | FINEIGHT
Allegiant Travel Company With the airlines starting to implement face coverings as mandatory many airlines are even creating new seat plans to respect social distancing. This although brings and invites certain guest will certainly raise the price of tickets as load factors go up. Allegiant operates on an ultra low cost carrier model and will most likely continue to work towards selling as much space in their aircraft as possible. with a lot of cash reserves leaving them to have positive outlooks for holding operations during slower months.
$BKNG Possible Bear Flag on Daily$BKNG Possible Bear Flag on Daily
Volume trending down on this leg up since March low. MFI flat.
ER this week. Could be a bloodbath. If they miss or give worse than expected guidance...I could see this thing revisiting $1,000 near term.
No position. Education not investment advice.
Potential reversal up the upside or downtrend continuation. What is LUV?
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier
if your bullish on the airline sector, you can take long position here or around $30.41.
or short it at $31.
but if overall market goes bullish, we could see
1st target around 34.57
2nd target 38
3rd target 46
CCL - The Fun Ship Is Finally Ready to Break Free and PartyFull disclosure. My first post. I hope I do a good service with this analysis.
My Analysis:
In short, CCL retraced a hair above 50% of its previous high. History says it's not going to create a new low. So I'm bullish with the consolidation I highlighted, its building strength for a big bull run up to $18.
I set FIB to whole numbers -- $19 (high) /$8 (low) because computer algorithm is programmed to hit those numbers.
What do you think?
Feel Free to leave a comment.
CRUDE OIL to break $20?? Next Level?From my charts, today marks the lowest Fibs level that crude oil could go. I do think that this would be the bottom, however.... if it breaks this mark, the next possible level for it to reach could be the low of $10-$12 ... which is alarming for the big O&G companies.. but on a consumer level, that means cheaper travels and other general necessity that involves oil comsumtion in their supply chain..
Is this good or bad? I don't know.. its abit of both, but the market has a way of adhering to cycles.. lets just wait and see..
Time traveling aliens changed the date of my prediction.I can't believe this. First they are making a mockery of our corn fields and molesting our cattle and NOW they are making me look insane by changing the date of my prediction from Mar to Dec. Look I'm sorry guys my tin foil hat wasn't tin foil all along. I was duped! It's aluminum foil!! Aluminum doesn't WORK!
Stupid aliens.
Again, I'm sorry, but these creatures are tricky. It' should go down again. Be patient the aliens are manipulating charts using time travel. $22 soon.
Delta Airlines +12% - 90 Day StrategyBetween November 2012 and May 2014 Delta Airlines had a colossal run that took it from $9 to a staggering $42 dollars in a little bit under a 2-year period. Ever since, $Delta has continued to perform positively; well within the confines of a new channel that feels a lot like an extended ascending triangle maturing into its upcoming apex. This channel can be identified by the dotted lines in the chart. For 6 years now, $Delta’s behavior has been highly predictable much in thanks to market capitulation, quarterly earnings and a booming economy.
At this moment, I can identify a few factors that are making me confident to enter $Delta at its current price level with an initial target of $65.49 (or +11.17% of where it is now). Based on my trend analysis, I believe this price will be reached between the end of March and mid-April 2020.
Besides the trend analysis and tracing I’ve included in the chart, I’ve also corroborated my findings or projection with a confirmation breakout in the MACD on the weekly chart, as can be seen below as well as room for growth in the RSI before it reaches overbought territories.
Once my initial target has been met, a retracement to either the mid-channel support (yellow-dotted line) or the bottom of triangle can be expected. Re-entering at both of these levels is a good, smart way of averaging out your purchase costs before the next impulse begins.
Target: $65.49