We have waited since the 16th of Jan to make a higher high here and break out of this ascending triangle at $42.70 and we finally got it yesterday.
The price has retested this level into the close and managed to stay above this level at the close too.
What we want to see today is a bounce on this level or staying above this level for the day, which means the week too.
I really like how this has been moving and how the airline stocks have been moving.....not to mention the travel sector, considering how well $ABNB has been performing too.
We are not getting wild jumps and pull backs which is perfectly fine for me, I am keeping my portfolio disciplined right now as we are at an important junction in the market.
This is where many people will chase and some stocks are very enticing right now...this does not appeal to me, not losing money appeals to me.