Possible reversal cue for JBLU
JBLU appearing to have found a local bottom. Bullish divergence with RSI on timescales of weeks and months. Heavily tested support holding for now, following the break from a strong downward channel. Strongly correlated with UAL and related transportation & industrial "reopening" stocks. Considering alongside recent positive catalysts, some may see this 14.00 level as a good buying opportunity. First resistance expected at 15.50, where it should meet the MA50 if the bounce manifests.
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