Nice pull back here, working its way through the subwaves nicely, we can see that the 50 Day MA is coming up quickly from below as a possible support line, ideally if the price can hit here and hold, we should move this higher to complete Wave 3, so watch for a hold at $44.
I expect $LUV and $JBLU to move higher before hand....as they are quite behind $DAL.
$DAL is completing Wave 3, while the other 2 stocks are only starting Wave 3....isn't this very convenient for us.
Same industry, different stocks, each strong and at different stages....the ideal scenario.
Peter Mocca
2023-07-29 22:49:39 +0000 UTC