JBLU trade ideas
JetBlue IdeaThe current fair value of the stock based on Buffets equation is just over $40 meaning there is a lot of room for the stock price to grow. Earnings was stong and price tested the new resistance of $20 and looks to be testing to make new highs currently. Looking for potential pullback or rejection of next level to enter in on a lower price.
$JBLU Offers Big Relative Strength Airline Breakout OppJBLU bucking airline weakness with major base breakout from a 'sort-of' cup-w-handle pattern, as ichiroku cloud signals "buy the dip".
JBLU Broke out Into The Buy ZoneJetBlue Airways broke out into the buy zone after forming a double bottom and holding on the up trend line, this is a very good looking setup to me,
what you think.
- Bounce on Trend Line
- Double Bottom
- Breakout To The Buy Zone
Jetblue Bullish pre earnings
jblu
Point of interest $19.75 Break of long term downtrend line.
Possible inverse Head & Shoulders developing on the daily chart.
Short interest 7% coming into earnings.
This beaten down sector could be due a bounce, given the economic strength throughout the world.
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JetBlue BreakdownThe daily chart of JetBlue created a cup & handle type pattern but the price has broken down today out of the symmetrical triangle pattern it had created in recent days. The price has come close to touching my initial price target before finding some buyers again.
Note that the initial price target is near the 200-day EMA line as well, an important level for this stock to hold. There is not a lot of volume supporting the price before reaching the $17.30 price range should the price break its 200-day EMA.
Bullish options activity in Jet BlueOptions traders are betting heavily on Jet Blue today, with tens of thousands of call options located at the $20 strike. Perhaps options traders are betting on some holiday travel hype to boost the share price. Or perhaps they're banking on hype around JetBlue's investment in flying cars to move the stock. A drop in fuel prices after this week's oil inventory reports could provide a different sort of catalyst. Or maybe options traders are just betting on JetBlue's attractive valuation and analyst ratings, with a 9/10 summary score and an 82/100 valuation score. It seems there are a lot of good reasons to invest in Jet Blue. I've gone ahead and followed the trade, so we'll see where this goes.
JBLU - DAILY CHARTHi, today we are going to talk about the Jetblue Airways and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines.
The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners.
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JBLUMy arrows are purely for educational and visual representation of how i would like the trade to play out for executions!!
NASDAQ:JBLU
#JBLU long term price projectionExpecting JBLU to retrace all the way back to $16.03 price level before seeing a trend reversal.
Reverse Head and Shoulders Patter March-Present $JBLUReverse Head and Shoulders forming from March 2019 - Present (April 10th 2019). With good news coming from $JBLU related to their travel expansion, I see this stock going way up !
$JBLU JETBLUE GOING TRANS ATLANTIC. A long term investment in JBLU in 2003 is still losing money, nit exactly encouraging. To stimulate growth JBLU has announced introduction of a trans Atlantic service, proactive but does not guarantee success in which is a ultra competitive market.
JBLU (Jet Blue) trending back down to support. Put option playJet Blue has been oscillating in 2-3 month intervals since July of 2018. It's currently on a downward trend, going toward a support level of about $15.20. With the March 15, 2019 $16 PUT options trading between $.10 - $.15, there is a potential to make 3 times the current price by the option expiration date. If JBLU breaks through support, we could see the price go below $15, and the March 15 $16 put option priced at a dollar or more upon expiration.
JBLU SELL SHORT, ATTACK ON OPTIONS SELL I will be shorting JBLU, look for the stock to come back down to it OCT Low of $15.50-$15.80. A great trade to execute and one that I will do myself is to sell JBLU www.nasdaq.com I do think that the implied and given volume on the December 14 put is excessive, the market is showing Bearish. A great trade will be Decmber 14 put. Another great trade for less than $70.00 on 1 block of options with a delta .10, this is a good beginner option trade that can give you 15% return with what I believe as low risk.
JBLU: Swing trade opportunityBuy here, risk 1-3 Average True Ranges down, to ride it back up to the recent top or into resistance. Watch the 'key earnings levels' for a support/resistance map in price. You can get this indicator in @timwest's indicator pack. Really useful to navigate through the chop.
With oil so extended, airlines oversold into support, we have a nice low risk setup. I'm loading up here.
Cheers,
Ivan Labrie.
JBLU Approaching Resistance, Potential Reversal! JBLU is approaching its resistance at 18.59 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 17.47 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
