$LUV - WATCHLIST -
Added 2025-02-07 13:55:47 +0000 UTCDoesn't this look very attractive and here come the bullet points:
In an Impulse Wave
Oil prices continue to stay low which lowers the costs for airlines, especially tight margins like $LUV
Breakout of the trend line
Followed by a retest of the breakline
Where the 200 Day MA is waiting now exactly at $30
A hold above $30 and I expect Wave 3 next this year up to $44
FWD PE is 12, still profitable with margins expected to increase.
Holding above $30 is a BUY SIGNAL.
Comments
I have a lesson on this in the Learning Centre that goes into detail
Gareth Neary
2025-02-07 14:07:31 +0000 UTCWhat constitutes as a “hold” above 30? Price didn’t drop below 30 since November?
Tomer Mayrav
2025-02-07 14:05:31 +0000 UTC
