JBLU Reversal Part 2Please do your own research before attempting to buy anything! I am not at fault if you lose money. thank you for viewing
JBLU trade ideas
Cup and HandleJBLU has been teetering for a while. The cup covers close to a year of price and is more wide than deep.
Possible stop under handle low (not far below current price) Mid cup is 14.25.
Cup and handle patterns were recognized first by William O'Neil is the 80s. Cup and handles are continuation patterns and usually develop in a bullish trend. The cup is formed during a consolidation phase with the left side known as the sell side, then a rounded bottom, and the right side is known as the buy side of the cup. The handle forms after price correction and is usually formed before a full clear break out occurs. Although sometimes price can break out a forget to form a handle (o: but as a rule will come back down eventually to form the handle.
Cups should be U shaped, not V shaped. Handles (retracement) are usually at least 25% of break out level but should not be below mid cup, or 50%. You should see expanding volume on the right side of the cup.
Targets are subjective, but many place the targets using the depth of the cup and 62 to 79% of the cup depth added to long entry level. Targets 2, if the security can make it that far and usually occurs after a pull back are often calculated at 127 to 162 percent of cup depth.
No recommendation
Jet blue airlines recommendation of the dayThe leisure airline company is a hot stock with a price as little as 19.xx dollars and a potential growth after the imminent opening of the borders on july
It is expected that leisure flying will boost airlines comapnies income after the pandemic phase and Jet blue operates flights to the places that you can expect to be full this summer.
As shown on the chart the stock price is on a ascending channel and it did hit a pandemic high of 21.xx dollars
Target price 1 : 21.65 dollars
target price 2 : 23.61 dollars
NEW POSITION $JBLU Target 22.55 for 18.37% $JBLU Target 22.55 for 18.37%
Or next add level is at 15.55
I'm looking at Airlines and Cruise Ships around here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Cup and HandleJBLU made it to 21.73, and price popped out of the upper bollinger band. This shows momentum but price is usually drawn back in to the bands.
Long entry level is an at or above level and hopefully is over immediate resistance. Long entry level can be subjective.
There is support at handle low and at mid cup level.
Cup depth is 15.04. Targets are calculated by taking the depth of the cup and applying fib levels to long entry level. I use 38 (.382) percent, 62 (.681) and 79 percent (.782). You can multiply the depth by these fib levels or these percentages. There are different ways to do this, and you can also add a fib table to the top of the cup.
Not a recommendation.
JetBlue To Retest 5 Year HighAs you can tell by this monthly chart. JetBlue is absolutely primed to makr the next run up and break through the 5 yr down trend that has plagued the firm. With covid restricting travel, as restrictions ease up people will only fly more, and after not being able to for a while, they will flock in large numbers. MaCD bullish cross. If we do not break the 5 yr resistance heading back down to $15 range
JBLU$JBLU upgrade to buy with PT $21. We missed this play off support, if tomorrow has similar action as today then a very small day/swing play opp here, but I think the better play is entering a position if it dips back down to ~ $16.27 support
$JBLU Daily Short setupThere's been a lot of accumulation in this name. The trend still respecting March lows, looks ready in the short-term to test out of this tight range.
downtrendsome as the one before, its been heading lower for couple years but theres still upside potential. if long here use a tight stop with a target around 18 :) gl !
JetBlu. This one is going to SURVIVE!Lynch would say that you should invest in what you understand. We love JetBlu. They are aggressively expanding their routes as the pandemic churns on. Forward thinking. Well loved airline. About to cross a significant MA. This one is going to keep moving up.
ABC Bullish Symmetrical TriangleNo rising wedges noted
Monthly and weekly candles look good
Not a recommendation
JetBlue Airways (JBLU) Earnings Estimates Q2, 2020.JetBlue Airways (JBLU) will report earnings on July 28, 2020.
The chart above consists of JBLU performance vs benchmarks, fundamental analysis, and earnings estimates for Q2, 2020.
JBLU DOUBLE BOTTOM back to 15idk who is buying this fucking stock but yeah buy it up now i guess. Double bottom looking like it's forming
JBLU BUY OR LONG TARGET UP TO $17.5JBLU has completed the back test of symmetrical triangle pattern , now with Fed support it will continue to go to the target !
JBLU BUY : $12 +- 0.2
TARGET 1 : $15.5
TARGET 2 : $17.5
STOP LOSS : $11
Wish you a successful trading!
#JetBlue #JBLU $JBLUBUY AND SELL ZONES
Here are some plays guys.
Good Luck!! Bout to average them out. See you guys on the other side!
JBLU : Symmetrical Triangle - Target $17.50JBLU : The Symmetrical Triangle pattern has been confirmed here .
Buy : $12.50 or $13
Target : $17.50
Stop loss : $12
Wish you good deals!
