Just slightly sticking its head above the trend line now, what we are looking for is a break out and rested, like we saw when this broke out of the small bull flag before taking off.
It has gone quite vertical leading up to this wedge line, so we won't be surprised if it does not break out on its first attempt, perfectly fine to retest the line and break out on the second attempt.
This is my 3rd largest holding right now, a lot of people wanted to stay away from airline stocks because it is a tricky industry but Fundamentals and Technicals aligned. Up 26% here now.
Jesse Barba
2023-06-10 10:33:52 +0000 UTCOT
2023-06-09 17:57:13 +0000 UTC