$JBLU
Added 2023-10-31 12:11:04 +0000 UTC$JBLU is down hard in PM now with -7.5% showing as of writing this.
Reporting revenue down from 10.5% to 6.5% YoY and warns of wider-than-expected Q4 loss.
We can see on the chart that $JBLU tried to hold at the first target support level and has now lost it completely and is on a fast track route to the second target at $3.
The last time $JBLU was at $3 was in 2009 after the Financial Crash, when many believed that some airlines would not survive.
However over the next few years the share price jumped from $3 to $27.
Something to bare in mind.
