JETS: Looking to start a position
Updated
Looking to start a longer-term position with JETS ETF.
Currently reclaimed its wedge structure from a TA perspective.
Math-wise, I am looking for a mean reversion back up to around the 20$ range.
The current mean is 24$.
Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an opportunity to late entrants.
Just my thoughts!
Currently reclaimed its wedge structure from a TA perspective.
Math-wise, I am looking for a mean reversion back up to around the 20$ range.
The current mean is 24$.
Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an opportunity to late entrants.
Just my thoughts!
Note
Its broken out on the lower timeframes.I am in a small position. If the breakout sustains I will add.
Trade active
Slowly but surely we are making our way!There was a re-test of the breakout and hold. So hopefully we see some speed pick up!
Note
FInally reached the target zone! We have seen a rejecton on it though.We need to break over the immediate resistance for a continuation up. Let's see if it can pull it off!
Some airlines are releasing earnings this week, so let's see if that does it.
Half out, half still in!
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