Testing the bottom blue line again and so far held but the price is still below the 50 Day MA on the 1hr chart.
It needs to build on this momentum, losing the bottom blue line will not be healthy.
We can see that a lot of the other airline stocks are outside of their yellow parallel channel, most notably $LUV, this is where $JBLU needs to be to get out of the danger area.
So getting above $7, will have $JBLU above the 50 day, 200 Day and trend line, so regaining this level is important.
Andrew
2023-09-09 16:19:14 +0000 UTC