$JBLU
Added 2023-11-10 19:47:33 +0000 UTCI am not going to lie, I certainly had an urge to chase this after it went from $3.40 to $4.35 over the last week but this was a good test for my discipline.
As I have been waiting for $AMD and $AMZN to pull back too.
As always, the pull back has come and we are watching to see where support is found, the price has struggled on the 0.618 Fib today so I do not believe that support is found yet so I will continue to watch the price action going into Monday instead.
$JBLU also got a downgrade today but I am looking 12 months ahead here as I will have no issues buying in low $3's to hold this at least 12 months.
$3.40 was also its 2011 low too.....this would be an area I would be comfortable adding between $3.40 and $3 to hold at least for 12 months.
