$UAL
Added 2024-12-19 14:59:40 +0000 UTCThe power of the 1.618 Fib for Wave 3 in clear view here.
From $40 to $103 and pulls back at the exact level we expected.
The 0.38 Fib is always the target so a pull back to $76 would be ideal before moving higher for Wave 5.
Remember airlines hedge their fuel, so they can lock in fuel prices at a set price for 3-5 years and I suspect they are doing this now and oil being low, which will directly influence their bottom line....oil accounts for around 50% of their costs, they are getting a bargain for many years.
Comments
aren’t you long here? are you trimming if so. nice bounce today but alas wave 4 ahead.
Brian Scheele
2024-12-20 00:15:23 +0000 UTC
