$JBLU
Added 2023-11-15 17:41:39 +0000 UTCPardon the pun here but is $JBLU about to take off?
It has bounced very well on the blue line which was the 2011 low, not even the 2020 covid low and has performed very well.
So far we can only see 3 waves here so we can not rule this out only being a corrective bounce, followed by a further low next, once we see 5 waves, then I can rule this out.
But bulls should be encouraged by the breakout above the 50 Day MA and getting back above the First Target again.
Holding above the First Target and I think this can get back to $6.16 next.
