Is in a bad way right now, after losing a crucial support line on the blue line, it has been incredibly week and is deep into the channel now again, after breaking out of it in June.
The next support levels are not rosey either, First Target is at $4.55 and the Second Target is all the way down at $3.
We can see now that the 50 Day MA has also crossed down through the 200 Day MA too.
Airline stocks are taking a big hit today too and for some reason, $JBLU appears to be reacting the worst, along with $AAL.
Support is certainly needed here soon.
Gareth Neary
2023-09-13 18:48:14 +0000 UTCALG
2023-09-13 17:37:44 +0000 UTCPat K
2023-09-13 16:32:37 +0000 UTCSteven D
2023-09-13 16:27:12 +0000 UTC