As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower.
I think we're likely to see
JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.
Let's see what happens from here.
I think we're likely to see
JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.Let's see what happens from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.