So we are happy with how $LUV has performed since hitting the 0.618 Fib twice at $32.66 and bouncing.
Now we can see that the 50 Day MA is above to cross through the 200 Day MA on the daily chart and as we know, this is quite a bullish indication, especially on the daily, as it is showing that the trend is bullish.
What we would love to see is a clean break above the 200 Day MA at $34.15 and then a retest of this level, a retest here and this is confirmation of support and another buy signal.
Shailesh Patel
2023-08-01 03:17:56 +0000 UTCQubas
2023-07-31 17:32:29 +0000 UTCDan G
2023-07-31 16:14:14 +0000 UTCJonathon Quiles
2023-07-31 16:11:22 +0000 UTC