Spirit Airlines Stock Dive 40% on Bankruptcy & Financial TurmoilSpirit Airlines (NYSE: NYSE:SAVE ), the low-cost carrier known for its budget fares, is facing a severe financial crisis, with reports suggesting the airline is exploring a Chapter 11 bankruptcy filing. Shares of the company plummeted 40% in premarket trading on Friday, October 4th, 2024, following news of its failed $3.8 billion merger with JetBlue Airways. As Spirit grapples with $3.3 billion in debt, including $1.1 billion in secured bonds due within the year, the outlook for the airline is bleak.
The Weight of Debt and Losses
Failed JetBlue Merger and Rising Debt
The failed merger between Spirit and JetBlue would have created the fifth-largest carrier in the U.S., allowing Spirit to compete more effectively with industry giants like American Airlines (AAL), Delta (DAL), Southwest (LUV), and United Airlines (UAL). However, with the merger off the table, Spirit now faces an uphill battle with $3.3 billion in debt, of which $1.1 billion in secured bonds is set to mature in less than a year.
To make matters worse, the company has been unable to turn its financial situation around, suffering from massive quarterly losses. In Q2 2024, Spirit posted a $192.9 million loss, a significant increase from the $2.3 million loss reported during the same period last year. With annual losses continuing since before the pandemic, Spirit’s attempts to boost ticket prices and restructure have fallen short of mitigating the mounting debt and operational challenges.
Operating Losses and Route Cuts
Spirit (NYSE: NYSE:SAVE ) has already cut routes, furloughed hundreds of pilots, and shrunk its operational capacity by nearly 20% in a desperate bid to stave off further financial strain. Despite these efforts, the company has been hit hard by increased competition from larger airlines offering competitive fares, and its low-cost model is struggling to remain profitable in the face of rising operational costs.
While CEO Ted Christie mentioned ongoing discussions with bondholders about restructuring options during an August earnings call, no immediate bankruptcy filing has been confirmed. Nevertheless, Spirit is reportedly exploring Chapter 11 as a potential lifeline—a mechanism used by airlines like **Delta** and **Scandinavian Airlines** in the past to reorganize debts while continuing operations.
Technical Analysis: Oversold, but Is There Hope?
Technically, the outlook for NYSE:SAVE is bleak. As of the time of writing, the stock has dropped 27%, with no signs of stopping as it continues its nosedive. The RSI (Relative Strength Index) sits at an extremely oversold level of 19.88, indicating a massive selling pressure. At these levels, the stock is far below the 30 mark, signaling that it may be oversold, but the bearish momentum remains strong as investors flee the struggling airline.
Gap-Down Pattern and Bearish Momentum
Further adding to the technical woes is the gap-down pattern observed in the stock chart. This gap represents a sharp decline in price, typically seen when bad news—like bankruptcy rumors—hits the market. A gap-down is a strong bearish signal, suggesting that NYSE:SAVE may continue its downward trend, especially with no immediate resolution to Spirit's financial struggles.
The Road Ahead: Can Chapter 11 Save Spirit?
While a potential Chapter 11 bankruptcy filing looms over Spirit, history has shown that it may not be a death sentence for the airline. Airlines such as Delta and Scandinavian Airlines have used the Chapter 11 process to restructure and emerge stronger. Delta, for example, filed for bankruptcy in 2007, cutting jobs and slashing costs before reorganizing its operations and ultimately becoming one of the largest carriers in the U.S.
For Spirit, a Chapter 11 filing could offer a path to restructure its $3.3 billion debt load, renegotiate bond terms, and streamline operations. However, whether it can emulate Delta’s success or continue its downward spiral depends on its ability to effectively manage its finances and navigate a highly competitive market dominated by larger, more resilient players.
Conclusion: A High-Risk Play for Investors
Spirit Airlines is in a precarious position, with bankruptcy discussions and heavy debt weighing on its stock. The 40% plunge in premarket trading reflects investors' lack of confidence in the company's ability to manage its financial crisis without significant restructuring.
For traders, NYSE:SAVE may appear as an opportunity to accumulate shares at a heavily discounted price. However, with bearish technical indicators and the potential for further downside, this stock remains a high-risk play. The upcoming months will be crucial for Spirit’s management as they navigate their financial future—whether through a Chapter 11 filing or further restructuring efforts.
Investors should exercise caution and closely monitor any updates from Spirit’s management and bondholders. While the stock may be oversold, the strong bearish signals and ongoing financial challenges suggest the turbulence is far from over.
SAVE
Spirit Airlines | SAVE | Long at $2.80I'll be the contrarian. Spirit Airlines NYSE:SAVE has been beat to a pulp, but the company is still actively flying the high skies. While low-budget airlines have hit a rough patch as low-income consumers tighten their spending, the CFO recently was awarded almost $250k in options (a bullish sign). Plus, the next few years could be great for airlines as interest rates are lowered and travel increases as AI takes our jobs - what else is there to do with people's time and money?!
So, while a "risky play", it is resting along my lowest selected simple moving average which (usually) spirs a rally. This may not come until the interest rate lowering anouncement (short interest is high with this one), but the price at $2.80 is currently in my personal buy zone.
Target #1 = $4.00
Target #2 = $6.26
Wake up the Spirit
1)Enhance Customer Experience with AI
Implement AI-driven chatbots and virtual assistants to provide 24/7 customer support, handle common inquiries, and manage bookings. Use AI to personalize travel recommendations and offer tailored promotions based on customer preferences and behavior. AI can also be used to streamline the check-in process and provide real-time updates on flight status and delays.
2)Optimize Operations with Predictive Analytics
Leverage predictive analytics to optimize flight schedules, maintenance, and staffing. This can help reduce delays, improve aircraft utilization, and ensure timely maintenance, thus enhancing overall efficiency and reducing costs. AI can also help in demand forecasting to better match supply with demand, reducing overbooking and underbooking issues.
3)Implement Dynamic Pricing Algorithms
Adopt dynamic pricing strategies powered by AI to adjust ticket prices in real-time based on demand, competition, and other market conditions. This can help maximize revenue while remaining competitive in the market. AI-driven pricing models can also identify the optimal time to offer discounts or promotions to fill seats without undercutting profitability.
4)Focus on Sustainability
Invest in fuel-efficient aircraft and explore sustainable aviation fuels to reduce the airline's carbon footprint. Implement AI to optimize flight routes for fuel efficiency. Engage customers by offering them options to offset their carbon emissions. Demonstrating a commitment to sustainability can enhance the airline's reputation and attract environmentally conscious travelers.
5)Create a Positive Work Culture
Invest in training and development programs to empower employees and improve service quality. Foster a positive work environment where employees feel valued and motivated. Use AI to streamline internal processes, making it easier for employees to focus on delivering excellent customer service. Recognize and reward employees who go above and beyond, creating a culture of appreciation and support.
Embracing Love in Business
Love can be a transformative force in business. Encourage empathy and kindness in customer interactions. Show appreciation to loyal customers through personalized gestures and rewards. Build strong relationships with customers by listening to their feedback and continually improving based on their needs. By putting people first and cultivating a culture of love and respect, Spirit Airlines can foster loyalty and stand out in the competitive airline industry.
Can SAVE reverse from a lower low LONGSAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
LUV and Attendants love the Settlement LONGLUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 %
into a bear flag and support followed by a narrow range consolidation and a volatility
squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks
and open seating. The NR7 indicator on watch was firing continuously. I am taking a long trade
here and now with adds at any dips found moving foward. It is hard to pass by an 18% sale.
This will be profitable and will subsidize travel on LUV.
Spirit (SAVE) a distressed merger partner with Jet Blue LONGSAVE on the 50-minute chart reversed a trend down that started on January 23 which was a
continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a
merger with JBLU which has been successfully challenged in court. The two airlines have a
narrow window in which to file a notice of appeal after which briefing and oral argument
will be calendared. This is a slow process. I cannot find a positive piece of news in this
current week. No matter, price crossed over both short and longer moving averages and had
little bit of more volume. Is this a fakeout? Is this a short squeeze without volume to keep
it going? Are shorts buying to cover? Could this turn into something or is it nothing ?
Who knows ! I think it is worth watching.
SAVE - Technical AnalysisNYSE:SAVE
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
The Unraveling Drama of Spirit Airlines' Blocked Merger with JetSpirit Airlines' ( NYSE:SAVE ) stock took a nosedive, plummeting up to 60% after a federal judge blocked its $3.8 billion acquisition by JetBlue Airways. The move was hailed as a victory for the Justice Department, which had filed a lawsuit against JetBlue on antitrust grounds, arguing that the proposed acquisition would eliminate popular discounted flight options and potentially drive up industry prices.
The Court's Verdict:
U.S. District Judge William G. Young delivered a decisive blow to the planned merger, stating that the consolidation of Spirit ( NYSE:SAVE ) and JetBlue would have adverse effects on consumer choice and competition within the airline industry. The ruling highlighted concerns that the merger could eliminate affordable flight options, disrupting the delicate balance that allows budget-conscious travelers access to low-cost airfares.
Industry Ramifications:
The $3.8 billion merger, had it proceeded, would have created the nation's fifth-largest airline, providing JetBlue with enhanced financial firepower to compete against industry giants like United, American, Delta, and Southwest. With these four airlines commanding a substantial 80% of the industry's ticket revenue, the blocked merger raises questions about the dynamics of competition and consolidation within the airline sector.
Legal Battles and Future Options:
Despite the setback, JetBlue and Spirit ( NYSE:SAVE ) retain the option to appeal the decision before the July expiration of their merger agreement. The companies expressed their disagreement with the ruling and are currently evaluating their next steps. The high stakes involved in this legal drama underscore the broader implications for the competitive landscape of the airline industry.
Tangled Merger Web:
Before the attempted merger with JetBlue, Spirit had initially announced plans to merge with Frontier Airlines in a $6.6 billion cash-and-stock deal. However, this deal was abandoned in July following an unsolicited offer from JetBlue to acquire Spirit at a higher valuation. The complex web of attempted mergers and acquisitions adds a layer of intrigue to the unfolding narrative of Spirit Airlines' future.
Antitrust Landscape:
The Justice Department's successful intervention in the Spirit-JetBlue merger follows a similar victory in preventing a partnership between JetBlue and American in the Northeast. The government's argument, that collaboration on flights in Boston and New York would drive up fares and diminish competition, suggests a broader and more aggressive approach to antitrust regulation under the Biden Administration.
Conclusion:
As the dust settles on the blocked merger between Spirit Airlines and JetBlue, the implications for the airline industry are profound. The ongoing legal battles, the complexities of the proposed mergers, and the Justice Department's proactive stance on antitrust issues paint a vivid picture of an industry in flux. The outcome will undoubtedly shape the future landscape of air travel in the United States, with significant consequences for both industry players and consumers alike.
Opening: SAVE January 19th 10 Covered Call... for an 8.15 debit.
Comments: The IV in here is redonk (IVR 96/IV 238.6%), no doubt because the merger decision between SAVE and JBLU is in a court room, with the trial scheduled to finish up at year end and a ruling to follow thereafter. At the moment, the buyout proposal is for $33.50/share and/or a $29.80 "Deal-Through Price." While most are probably trying to arbitrage SAVE for the difference between current price and the potential buy-out amount, I'm looking to make money even if the buyout doesn't go through with a cost basis below SAVE's 52-week low and/or the judge takes a bit of time to mull over whether to impose conditions on the buy out (at which point I hope to be out of the trade).
Naturally, if the deal does go through, and price jumps to the buyout price, I'll be pissed that I didn't go just Plain Jane long call ... .
Metrics:
Max Profit: 1.85 ($185)/contract
Buying Power Effect: 8.15 ($815)/contract
ROC as a function of BPE at Max: 22.7%
ROC at 50% max: 11.3%
Spirit Airlines (NYSE: $SAVE) Facing Multiple Resistance ZoneSpirit Airlines (NYSE: NYSE:SAVE ) is facing strong resistance from multiple trend lines and zones in the daily and weekly time frames. The first resistance is at $15.43, which is the downward trend line drawn from the June high. The second resistance is at $15.96, which is another downward trend line drawn from the August high. The third resistance is a zone ranging from $16.85 to $17.07, which is formed by a combination of multiple trend lines in multiple time frames.
The stock has shown some signs of recovery in the last week, gaining more than 40% from its low and breaking above the 5-day, 10-day, and 20-day simple moving averages (SMAs). However, the stock is still below the 50-day, 100-day, and 200-day SMAs.
Bearish For Spirit We are looking at a break out here on Spirit Airlines to the bearish side. We can see there has been a Symmetrical Triangle that was formed over the course of almost a year. It broke out recently to the bearish side. Now it seems like it might pull back hit the trend line and bounce back down or it is going to consolidate. Either way in 5 to 6 weeks we a looking at a big move more likely to the downside. Even though is a little more risky trade than usual this has great potential.
NYSE:SAVE
Some technicals include.
Performance rank: Bull Market: 16 out of 23, Bear Market: 7 out of 19
Break-even failure rate: Bull Market: 9%, Bear Market: 7%
Average rise: Bull Market: 31%, Bear Market: 26%
Change after trend ends: Bull Market: –31%, Bear Market: –33%
Volume trend: Bull Market: Downward, Bear Market: Downward
Throwbacks: Bull Market:37%, Bear Market: 55%
Percentage meeting price target: Bull Market: 66% , Bear Market: 57%
Widow Makers Airline Stocks Beat the Market by the New YearSince the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF:
● U.S. Global Jets ETF (JETS): +18.56%
● United Airlines (UAL): +37.53%. Zacks EPS estimation: 2.07. Earning release: 1/17/23.
● American Airlines (AAL): +33.62%. Zacks EPS estimation: 0.60. Earning release: 1/26/23.
● JetBlue Airways (JBLU): +26.40%. Zacks EPS estimation: 0.17. Earning release: 1/26/23.
● Alaska Air (ALK): +18.16%. Zacks EPS Est. 0.88. Earning release: 1/26/23.
● Delta Air Lines (DAL): +16.31%. Reported EPS: 1.48 vs 1.29 estimated.
● Southwest Airlines (LUV): +13.15%. Zacks EPS estimation: 0.25. Earning release: 1/17/23.
● Spirit Airlines (SAVE): +6.83%. Zacks EPS estimation: 0.04. Earning release: 2/6/23.
● Boeing (BA): +10.01%. Zacks EPS estimation: 0.29. Earning release: 1/25/23.
● S&P 500: +4.60%
27 Ways to Save money to TradeSaving money to trade, or in general, can be a pain.
Either it drops your quality of life, or you find that you just can’t save a cent at the end of the month.
No matter what you’re earning, I’m going to show you exactly how to save money the easy way.
Here are my 27 favourite money savings tips with a couple of personal notes…
SAVINGS TIP #1: Stick to your shopping list
Write your shopping list down on a piece of paper or on your phone, and stick to it to avoid overspending.
When you are prepared for what you have to buy when it comes to your grocery shopping, this will more likely stop you from buying extra items you don’t need.
SAVINGS TIP #2: Pay with hard cash
Pay using real money instead of swiping your debit or credit cards.
When you pay with a card, instead of cash, you’ll find that you’ll spend more money on unnecessary items than you should or with money you don’t even have.
Personal note:
While I’ve been living and trading in Greece, I find this is the best savings tip I’ve used so far.
SAVINGS TIP #3: Pay yourself firstay yourself first
As soon as you’re paid your salary, wage or income for the month – deposit a portion of that money straight into your trading or savings account.
I like to use the 10% rule, but this all depends on what you can afford to deposit. This means, if you earn R60,000 per month deposit R6,000 into your trading account or savings account each month.
SAVINGS TIP #4: Don’t shop when ‘hangry’ or emotional
Avoid shopping when you’re feeling hungry, thirsty, angry or upset.
You’ll find you’ll spend more money than you should. In a recent study: Hungry mall shoppers who were hungry spent on average 64% MORE than non-hungry shoppers.
Make sure you have a nice meal and drink lots of water, before you go on your next shopping trip.
SAVINGS TIP #5: The ‘cookie-jar’ approach
When you empty your pockets, at the end of the day, drop them into a yearly cookie jar for your savings.
You’ll be surprised how many thousands of rands you’ll be able to save, collect and be able to deposit into your trading account for the next year.
SAVINGS TIP #6: Use the 24-Hour-Rule
Before paying money for non-essential and expensive items on clothes, cosmetics, appliances or even tools, just wait 24 hours before buying it.
You may find that you’ll lose that desire to buy them after 24 hours, which will save you tens of thousands of rands a year. Maybe when your parents said “sleep on it”, there was method behind their madness.
SAVINGS TIP #7: Go generic
Save a ton of money by buying the generic prescription medicines instead of paying a fortune for the name branded drugs.
Ask your local pharmacist or physician if you can have the generic prescription drugs instead of the brand-name drugs.
You’ll find that the generic products cost far less than the brand names, and will work equally well.
SAVINGS TIP #8: A quick breakfast that lasts a week
Breakfasts are not only the most important meal of the day, but can also be the quickest, easiest and most inexpensive meal for the day.
When you eat a full and healthy breakfast, you’ll find it will keep you from going out to eat an expensive lunch…
Personal note:
For the last two years, I have had the same breakfast which I make once and it lasts an entire week.
This has truly been life-changing as it makes my day start with one less decision to make before I get on with the rest of the day.
It’s called “Overnight Oats”. If you’d like to see my personal recipe feel free to click here…
SAVINGS TIP #9: Follow the 30-Day-Rule
Before you buy something really expensive, give it 30 days and then decide if it’s worth it.
I’m talking about items like jewellery, motorbikes, paintings, juice extractors and any other item that can cost over R3,000.
SAVINGS TIP #10: Don’t be fooled by sales
Avoid sales and don’t be duped by discounts, special offers, buy 1 get one free etc…
Remember this for every time you see a sale for 50% at the next Black Friday’s Special.
“You’re not saving 50% of your money, you’re spending 50% of your money that you weren’t planning to spend in the first place.”
SAVINGS TIP #11: Skip the alcohol and bottled water!
When you go out to a restaurant, avoid spending unnecessary money on alcohol and expensive water bottles.
A standard restaurant can mark up their cost of alcohol by three to five times.
Instead order just plain water or even a sugar free soda.
Personal note:
In Europe I have noticed that when you ask for tap water, they pour it from a bottle of expensive water (R30) anyway. This is due to the danger of drinking tap water in Europe.
SAVINGS TIP #12: Own your doggy bag
Ask your waiter to put the food that you didn’t finish in a doggy bag, so you can save money on lunch for the next day.
People are far too embarrassed about everything nowadays which I think needs to stop.
There should not be a stigma attached to taking leftover food home.
Everybody easts, drinks and sleeps. And when it comes to the food you ordered at the restaurant, you paid for it so why waste it?
This will also save you money, time and effort the next day for lunch, which will make your trip to the restaurant EVEN MORE WORTH IT.
SAVINGS TIP #13: Put three items back after shopping
When you’ve added extra items to your shopping that weren’t on the list, to avoid overspending, put back at least three items that you believe you can live without.
It’s very easy to walk through the final naughty aisle grabbing a whole bunch of crisps, chocolates, biltong, dried fruit and even a bottle of juice.
SAVINGS TIP #15: Cut down on smoking and drinking
Try to cut down your smoking and drinking by half the number per day.
This is really tricky to do but if you put your mind to it and challenge yourself, I know you can achieve this.
Personal note:
What I do with smoking is I’ve limited it to two in the morning, two in the afternoon and two at night.
This tip has saved me hundreds of rands per week from buying more boxes and I will continue to try cut it down until I’ve quit completely.
SAVINGS TIP #16: Fill up your milk with water
As soon as the milk reaches, the half way mark – fill it up with water. YOU WON’T TASTE THE DIFFERENCE.
As a parent or as a milk drinker, it can be extremely expensive to buy milk on a daily basis.
SAVINGS TIP #17: Become a vegetarian (at least once a week)
At least once a week, switch to meatless dishes which will help drop your grocery bill.
Replace it with: Chickpeas, couscous, okra, rice, sauerkraut, quinoa, beans, nuts, pasta dishes etc… You’ll be surprised what you can find at your local supermarket.
Personal note:
Inspired by my cousin, she insisted I cut meat out just once a week. I call this day “Meatless Monday”.
EXTRA MONEY SAVINGS TIPS
#18: Grow your own vegetables
#19: Sign up for loyalty cards
#20: Track your spending on your finance budget app
#21: Make meals that will last a week e.g. Lasagna, casserole, giouvetsi, gemista, soups, roasts, ratatouille etc…
#22: Buy the generic foods rather than the expensive name branded foods
#23: Pay careful attention to expiration dates
#24: Check your eggs in their boxes and your vegetables in their packets
#25: Freeze your foods in bulk
#26: Eat a meal before going to a restaurant
#27: Keep to Pay-As-You-Go with your cell phone account and use the Wi-Fi to call on WhatsAapp
This will be fun!
With these savings tips you can watch your money grow in your savings and trading account!
How to save money as a student Many students are trading crypto, forex or stocks so this time we have something for you! We hope that you will find this publication interesting and beneficial! Enjoy!
Although your time as a student is the best time of your life, it is way more expensive than it should be. You want to discover, learn, meet new people, try new food and go to new places. At the same time you aren’t earning your own money yet and your books are your best friends every evening . Therefore, even if you don’t have to pay thousands euros for your education every year, it might be difficult to manage and save some money during your student time.
Fortunately, there are some simple ways to save money while still having fun and enjoying being a student. But before sharing with you those tips, there is one thing that is even more important for you to remember: adopting a saving mentality. You need to realize that being economical is a mindset. So, if you are open to trying it, follow the advice we are going to give you. It doesn’t mean that you have to give up all the things you love doing because they cost you a lot of money. Instead, you need to find a balance between being economical and treating yourself from time to time.
⦁ Set a budget & follow the 50/30/20 budget rule.
Before anything, it is important to be aware of the money that you receive every month. The 50/30/20 rule is a perfect budgeting rule for beginners. It means that you split your money into 3 categories: needs, wants and savings. In general, it looks like this: 50% of your money goes toward your absolute necessities (rent, transportation etc.). Then, the 30% goes to things that you want but not necessarily need (eating out, going to a concert, buying a book). So, what’s left is the last 20% which goes towards your financial future: saving money aside to reach your goals and stay calm in an emergency situation.
⦁ Cook your own food & be smart at the supermarket
While eating out might be very tempting, it certainly won’t be beneficial to your wallet. Try to set out a rule of eating out for example once a week, or once every 2 weeks. Secondly, never do your grocery shopping when you are hungry as this is the easiest way to overspend your weekly budget. Last but not least, make sure to plan your meals in advance. It will help you estimate how much the ingredients will cost and also actually use the products that you will buy. And if you have a whole day of classes ahead of you, make sure to prepare enough food for the day.
⦁ Explore student discounts
Being a student has many perks, and one of them is student discounts. If you know where to look, you can easily save on movies, travel, food, retail, software and many more. In addition, when you are looking to buy something specific, try googling if there is a student discount on this product. For example, ‘Adobe Photoshop students’ sends you directly to a discount page for students and teachers. Or, if you are looking to buy a new laptop from Apple, definitely check the ‘back to school’ discount that the company offers every year.
⦁ Cut out unnecessary subscriptions
This one is especially important when you are planning out your monthly budget. By checking on all your subscriptions you can cut out regular payments you don’t use before the prices go up. Nevertheless, if for example paying 15 euro per month for Netflix keeps you from going to the cinema every week, you should definitely keep that subscription.
⦁ Find a side hustle
Although you don’t have time for a full time job during your studies, you can definitely afford to spend 10-20 hours a week by earning some money on the side. It can be a very simple job, such as working in a coffee shop or a restaurant but there are also plenty of online opportunities! You could become a virtual assistant, for instance. That means mainly helping your clients manage their day-to-day life by answering emails, booking flights and organizing their schedule. Or, if you are fluent in 2 languages or more, you could try freelancing as a translator on websites such as Fiverr or UpWork.
⦁ Share a flat with your friends
Another way of saving money while being a student is sharing a house or apartment with more people instead of living alone. By splitting the rent, but most importantly also all the utility bills you will save a significant amount each month.
⦁ Search for free entertainments & get creative
Social life is probably one of the most expensive things in your student life. Most of the activities cost money, but there are many less expensive ways to have fun with your friends. Why not have a picnic instead of eating out for the third day in a row? Or going hiking in the valley closeby instead of going to the overpriced party on Saturday night?
To conclude, even though you might not have enough money as a student, there are tons of ways to save what you have. In fact, you can even earn some money by doing a part-time job. Hence, following the tips mentioned above will help you create a healthy balance and good relationship with money for the future.
SAVE - Potential Bull ReversalDominant Bearish Channel is evident, yet we can compare the current structure to the initial bull case
A rising double bottom , I have shown this with a trend line
A little curved top can also be seen in both cases in green rectangle
All taking place along the same horizontal
If the channel breaks then the bulls win
EU might run out of patience1.00 psychological level has been hit. 1h is tailing nicely after rebalancing. Theres nothing holding this back so it should get moving soon if long is right ;) Not trailing stop atm, partials have already been taken.
ETHUSDThi guys...
so,the trend of the market is a descending trend...
so we should find descending patterns for a short position for now
For example:
I've found one on ETH/USDT
an ascending TRIANGLE PATTERN
.it worked (:
Spirit Airlines (NYSE: $SAVE) Ready For New All-Time Highs?! 💲Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Spirit Airlines (SAVE) Long Long between the 0.618 - 0.886 retracement. Targeting D ($60) off the bearish bat - invalidation of this harmonic would be a new low below $7.
Airlines landing once again?!Pandemic + jet fuel prices + selling pressure will take a toll on the airlines!
In these weekly charts, it is clear that major airlines already are in a Downward channel, and they will retest their previous supports which could be another 10-15% correction in the coming weeks!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Lets buy this and HODL. Obviously, very useful.climateclock.world
Do or die, right?
We can't publish this idea for your just yet.
SAVE trades to consider$SAVE #Southwest Descending wedge, trading under major Weekly horizontal support. Breakout of wedge retest $33 likely. If $40 breaks, W breakout PT would be $62.
Breakdown, play to 15.35 then to 7.35.
Short SAVE as it breaks the Demand zone & the trend changesFOLLOW THE TREND AS IT CHANGES
Long-term chart (W) Trading chart (D)
First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ
from the longer term (W) chart.
price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss
Second trade (shown here)
Since price broke below DZ, the new trend is Down. as price retested into the DZ. I looked to short the stock.
a higher high candle gave a good CVR for the short as the price broke through it. on the next red candle the SHRT IS OPEN
