$LUV
Added 2024-01-10 20:32:39 +0000 UTCInteresting here from $LUV, it bounced on its Covid Low line, broke out of its relentless downward channel and went straight to the 200 Day MA, it has since pulled back, held on the 0.38 Fib and testing the 200 Day MA again now.
A break above the 200 Day MA and we have one more leg up, as a hold at the 0.38 Fib indicates a Wave 4, so a breakout above the 200 Day MA and this can move to $34 or a very bullish scenario would bring this up to the previous high from May to $39.
Any rejection at the 200 Day MA again and it is back down to the Fib levels shown and a retest of the channel level at $26.....this would be the ideal area to buy for those eager to get into airline stocks again.
