JBLU LONG lots of support Stochastic s turning up JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
JBLU trade ideas
Triangle within a triangle (Bearish Pattern)Price ahead of the earning skyrocketed today, and it scared recent short sellers but will it last is the question? There were two bearish signals lately both bearish triangle but today's price action seems nullifying both of them. Trading is a tough business, and u need to do more than viewing chart. Recent long swing upside achieved its target, the bearish harami failed but for scalp trading proved to be Strong signal (1-5 days) the large bearish triangle may finally prove right. The stdev stands as of today 1.97 and the stock is up 69% from July last year. Now, no position but may start one at $12 and above. If you like this follow us
PAIRS TRADE: JetBlue JBLU buy vs Delta DAL and SthWst Air LUVThis is a starting point for looking at this trade setup.
Delta DAL and Southwest LUV have a massive performance spread over JetBlue JBLU that, if closed, would yield a substantial profit.
I like the JBLU chart because it has the appearance of having a top or "head and shoulders" pattern to make technical traders jump all over it. It had a recent breakdown which gave it the look that it would break-down but what appears to be the case is that the stock is actually accumulating and if it can climb just a little further it could squeeze out any shorts in a fast rally to a breakout.
What I can see here is that money is likely coming off the table in LUV and DAL and those stocks could come under pressure as investors cash out and move to other stocks in the group that offer more value.
Risk 5%, Reward 10%-15% in one month. Measure the pure price spread between these securities.
JBLU vs DAL
JBLU vs LUV
Tim 11:08AM EST 3/25/2014 JBLU 8.63 last +0.10