$LUV
Added 2023-12-12 17:13:31 +0000 UTCAirline stocks are running hard at the moment too and I am delighted to see this.
$JBLU has run the strongest and up over 55% since its early Nov low but $LUV is closeby.
The price action has broken out of the long bearish channel and is about to test the 200 Day MA now, I would like to see some resistance here and a pull back to the channel again for Subwave 2, this may not happen as a lot of stocks are running crazy at the minute....but that being said, a pull back to the 0.5 - 0.61 Fib levels would bring this back nicely to the yellow trend line for Subwave 2....a hold here and it is a buy signal.
