#WIZZ ANALYSIS.. Sometimes only one line can tell us a lot more than we think about the technical scope.. There isn't much to say about #WIZZ, I think there is a new risk of a big drop at any moment, unless the stock price is permanently above the line.. Also, due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult situation.. The cash flows of the airline companies are seriously disrupted and this situation seems to continue for a while, in this context, we can see much lower levels in the stock price..
Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Airlines
AAL "LONG" possible double bottom Airlines have been with so much bs that it has fallen extremely hard... weak earnings for AAL and Warren Buffet stating Berkishere has dropped all airlines stock from their portfolio. Although there is a great reason why this stock is performing horribly, I have the slightest belief that perhaps we see another bullish movement coming soon. There is no reason why it should go up, but my TA tells me it should and most likely will if we hold $9 or even gap up the next coming days.
The only concern I have with this long is the descending triangle formation, I find it very unlikely that we break out of it.. the only way I see this occurring is with a good PR stunt from Donnie Pump.. We have now had this low challenged since 2012 or so... great opportunity imo
US30 - SHORTUS30 is due another crash. Airline companies laying off thousands of workers and Warren Buffet getting rid of all his Airline positions is a sign for the BEARS!
Going Long in AIRLINES?! - 05/04/20 RECAPHi traders,
Being bullish in UAL the very next day the world got to know Warren Buffet's failed investment seems like a crazy idea. But being a technical trader, I saw an opportunity and it paid off!
My trade:
1) UAL - LONG @24.52, SL 24.22, after dropping for the third consecutive day and showing a beautiful Cup and Handle formation, this was a clear long play. +1.53%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.53%
Total PnL for the week: +1.53%
Good trades,
Tom | FINEIGHT
Potential killzones on EasyJet (1d) and airlines overviewIt's impossible for me to predict what will happen with EasyJet. So, I'm showing two potential killzones on a daily time frame.
My probability estimate is for further moves south. I think the issues here are about entry points, for those who missed the deep dive. It's dangerous though at this time.
Globally all civilian commercial airlines are in deep trouble (except Boeing perhaps). Govts and central banks simply cannot bail them all out. Air traffic will be seriously reduced over the next year. We can therefore expect further travel south for EZJ and other airlines. Berkshire Hathaway just closed on $50 Billion in losses on airline stocks.
If one is shorting EZJ and other stocks much 'bottle' is required to suffer the vacillations in price. It's unlikely to be a smooth travel south.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
UNITED AIRLINES; Ready for Take Off or Have We Not Even Landed?✨ We provide charts every day ✨
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Good morning, this is your captain speaking 👨✈️, looks like United Airlines (UAL) may be in for turbulence depending on the reaction at support here. Today we are looking to see if UAL is going to retain its short term uptrend, giving us a smooth landing, or if we are going to be looking at a double bottom or lower.
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1. Fractal Trend is showing a downtrend (Red background color) for UAL on the hourly chart.
2. Breakaway Scalper is currently neutral (Grey bar color), so we have no trade.
3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. We enter short on opposite conditions (Red on Red) and otherwise want to be in cash.
4. While there is still a question if airlines in general are bottoming or are going to see more downside (many airline charts look like this, as does the airline ETF JETS), for now we are still holding support as illustrated on the chart.
5. If supports holds, we will be looking for reactions at R1 and R2 resistance. After that we have the top of the current price structure at R3 and then otherwise bearish order blocks at R4 - R6 which were formed on the way down.
6. Support levels below include the bullish order blocks at S1 - S3.
7. It is likely the fate of the airlines is tied overall to the market's reaction to the state of COVID and the economy. Do we reopen and start getting back to normal? That is of course bullish for airlines. Do we try to come out of hiding only to see our shadow and then find ourselves with weeks more of lockdown? In that case there could be a chance airlines haven't even landed yet.
SPX trend line breach may signal breakdown pointIf you've been following my previous thread, you know that I've been watching the 50-day EMA and the 200-day EMA as possible reversal levels for this rally in the S&P 500. We eventually pushed past the 50-day (green curve), but yesterday we got rejected from a test of the 200-day (dark blue curve), and now we've violated the upward trend line (light blue line) that SPX has formed on its hourly chart over the last month. (In addition to technical resistance from the 200-day EMA, we also hit a fib retracement level and a couple important psychological resistance levels on the fundamental side-- 20-22.5 forward P/E, market cap 140% of GDP-- so there are lots of reasons to reverse from here).
In my past experience with trend line breakdowns, the price often moves back above the trend line at least one more time, and then it either holds there or reconfirms the breakdown. That's already happened, as you can see on the zoomed-in chart:
It's possible that we will move above the trend line again and retest the 200-day EMA before breaking decisively below the trend line, but personally I have already purchased puts.
In terms of fundamentals, the overall news environment is starting to shift in a more negative direction, I think.
Over the past month, the market has been driven by government stimulus, decent tech earnings, and optimism around reopening. It has mostly shrugged off bad news such 30 million job losses, a spate of corporate bankruptcies, and a flood of worse-than-expected 1Q economic data.
Now, however, we're turning our attention to Q2. Q1 GDP fell only 4.8%, whereas Q2 GDP is forecast to fall 27.7%. The earnings numbers for Q2 are going to hurt a lot more than those for Q1, especially due to companies' high borrowing costs. Analysts are also predicting another rash of bankruptcies and debt offerings in May. Cities and states may announce new taxes to offset budget shortfalls.
Meanwhile, the Fed is out of interest rate ammunition and slowing its balance sheet expansion. There's a bailout for oil likely coming in the next few days, and possibly an infrastructure bill in the longer-term pipeline, but federal stimulus is slowing down as the economy reopens.
And if China's experience is anything to go by, reopening will be slow, with lots of logistical bottlenecks and false starts. Demand will stay weak because consumers are out of cash. Some states will reopen too early and have to go back into quarantine within a few weeks. I think we will retest the March low in coming months as investors realize the scale of the economic damage and that it's not a temporary thing.
Big tech, I think will continue to outperform due to persistent fear of Covid-19. Airlines and cruise lines will continue to struggle, with some likely filing for bankruptcy in the coming year. Banks will remain hard-hit and highly risky due to continued default risk.
JCP "Long"Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price!
JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a bullish short term sentiment making it pump big :)
I think this is a great opportunity and should just set a stop loss at .20 to .21
JETS propelled past channelJETS is breaking a bear triangle formation channel, with very high volume as seen in chart.
In the chart you can see the next resistance drawn. Which are the 200 and 50 simple moving average.
OBV has been trending higher, making higher lows, and is following the channel drawn.
JETS is an ETF holding airline stocks, its portfolio top 4 holdings and % weight are:
LUV (13.66%) - Southwest
AAL (12.49%) - American
DAL (11.00%) - Delta
UAL (10.52%) - United
Total= 47.47%
AAL "Long" I had a long from 10.02 but closed it at 10.80.. then I noticed AAL broke some resistances and also the channel it was sitting on which made me buy some calls for tomorrow! American Airlines earning date is on April 30 which is probably when the big shorts will come in..
Airlines have been one of the worst-performing stocks lately while many other companies that are closed have still pumped.. maybe its time AAL shines for a couple of days!
Resistance lines are shown, we ideally wanna keep 11.14 holding if we are going to shoot for 12+ tomorrow.. maybe FOMO will get to people who knows..
Good Luck!
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Jet Blue (JBLU): Drastic price movement imminent?Looks like a descending triangle forming or at the least, a symmetrical triangle.
If Descending Triangle:
- There will be rapid price drop.
If Symmetrical:
- In a vacuum, the price would experience a significant movement (up OR down). All things considered, it'll be interesting to see how fast this pops (implodes).
I entered a straddle play at $8 Jun 19. Now watch it go sideways instead LOL.
Let me know what you think of this idea.
$CPA can fall in the next daysContextual immersion trading strategy idea.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services.
The company said on Monday it may not have enough liquidity to survive the coronavirus crisis despite cutting costs, becoming the second major Latin American airline to suggest that it may cease to exist due to the outbreak — finance.yahoo.com
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $41,08;
stop-loss — $43,32.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Southwest Airlines; Are the Bulls Ready to LUV this Stock?✨ We provide charts every day ✨
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Hey gang! Let's take a look at Southwest Airlines to see if it can pull out of this tailspin. The LUV chart looks like hot trash on a southwest sidewalk right now, but we are slamming up against some major support, which might give this dead cat wings.
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1. Fractal Trend is showing a downtrend (Red background color) for LUV on the daily chart.
2. With this setup, we want to take short positions when Fractal Trend signals a downtrend AND then Breakaway Scalper signals a short entry in the downtrend by showing a Red bar color.
3. You see from the above logic that LUV has been a great short during COVID. That said, it seems unlikely this stock will just go down forever, so we want to look for support and a reason to shed our short bias.
4. The first level to watch is the bullish orderblock at S1. S1 support is one of the last major supports before we hit the 2010 - 2013 range at S3. So it is one of those situations where it's "either we bounce here, or it's a long way down).
5. If this short signal does let up, and if the uptrend can continue at some point, we will be looking for a reaction at the bearish order blocks at R1 and R2 resistance.
Lufthansa contrarian long - for the braveLufthansa trading near long term base around 7 to 8 EUR. Expect a short term rebound after bailout is approved (as it will be) followed by a long and difficult recovery. Position small long if & holds. No miracles about to happen in this battered sector but lower competition going forward and higher fares plus lower fuel prices will help a lot.
Flights seem also to be leveling off : www.flightradar24.com
China Southern Airlines Company $ZNHDespite Airlines company in US, #ChineseAirlines, #ZH is doing well and holding above RSI 50 and hit the 50SMA yesterday. Yesterday's volume is just above the average.