$LUV
Added 2023-07-25 19:47:38 +0000 UTCVery similar setup here compared to $JBLU, both pulling back, in line with other airline stocks today and recently after breaking out of its long downward channel.
Price action has not quite pulled back to the 0.5 Fib yet, where we can see the 200 Day MA is already there and waiting.
The 50 Day MA is just below and we will likely see a bullish cross here shortly when the 50 Day goes through the 200 Day MA.
A lot of indications to be bullish about here.
$LUV and $JBLU are both my preference after $DAL.
Each stock will make you money.
Comments
Looking like its pulling back to the 0.5 fib today. What do we look for next?
Jack Fisk
2023-07-27 11:13:39 +0000 UTC
