Take Off Soon Hello friends. This beautiful company seems to be bottoming out if we look to the left and the current buying pressure in my opinion. Shared as an observation only.
LUV trade ideas
Head and Shoulders Pattern of SOUTHWEST AIRLINES COMPANY (LUV)LUV - HEAD AND SHOULDERS PATTERN
.-Price going to $ 44,97
Bearish Gartley - LUV I've had LUV in my portfolio for sometime until I spotted this bearish gartley a few weeks back. I forgot to post as an idea, but since it seems to be playing out I figured I would post this. Imediate target = $56, longer potential targets $46 and $40.
Original pattern I spotted:
*THIS IS NOT TRADING ADVICE*
ComparisonI just noticed, to me anyway, how close TSLA and LUV are following each other. Kind of interesting. Not sure if it means anything. TSLA looks like a double top and LUV looks like a head and shoulders pattern. However, it stills looks interesting to me.
Trade Idea --- $LUV ---Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio.
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As always comments are welcomed and appreciated
Southwest will rebound from hurricane dipLUV will rebound from the most recent dip from hurricane hits. It was not affect as much compared to other airlines, showing a sign of strength.
Technically, LUV is trading inside an ascending channel and I expect it to consolidate between the red and blue lines (which I will be trading up and down) until it hits the green trendline.
Reviewing why $LUV broke downBreak down occurred once the blue support box was violated.
Showing signs of a pipe bottom right now------> id consider buying
Southwest Airlines - Upcoming Buy OpportunityI think we are going to fall the through the .618 and possibly go halfway to the .786 fib before rebounding.
Ma's have crossed which is good, but we are still below ichi cloud and showing more bear than bull signals.
LUV Retracement LevelsUsing the Weekly Chart of LUV Which Fibo Retracement Level is for LONG? 78.6%(42.79) Or 88.6% (40.04)?
South West Long after hitting weekly support. Huge sell of after divided date. getting to weekly strong support level to test and bounce back.
-YOUTUBE VIDEO-No reason to sell yet.Wait for your sell signals!Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time
youtu.be
Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the pros!!!'
Remember the best traders have a process and a system. In this video you will see the idea of systematic trading from the ground up.
A lot of the concepts seen on the 5 minute chart review came from my video i did on "How to trade $AMD on the 5 minute chart". It was a great video with an outstanding strategy and I highly recommend watching :)
I hope you enjoy this and find this helpful :)
Please if you have questions or comments POST THEM!!!!!!!!!!!
