LUV trade ideas
Where is LUV?Southwest airlines made a news today so thought take a peek. It's gone. For next few weeks to months LUV will have choppy trade. Those who are good in options strategies like butterfly, condor etc (some one who is pro and can advantages of choppy sidewise trade) make a lots of money for sure. Once they break the black line after choppy noisy trade look for the 1stgreen line for next support zone. Red line for now will act as resistance. Anything touching that line is a short.
It will easily go 2009 low guys!!!! :)
Enjoy the trading session if you LUV rap: The Black Eyed Peas - Where Is The Love?
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news:
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LUV. South West Airlines Short.Airlines suffering now from high oil prices. Bearish pattern in place.
LUV before earningsRight before earnings I'm going to be following this stock. I need to look more into the industries momentum, but this stock is looking great. I closed a earlier position and looking to re-open soon. I'd say look for the 40 mark maybe a little higher.
LUV short after retrace :)@phil
fib levels match up at 44.66 looking for push there especially with hammer on daily then short from there
RSI + VIX Indicate long Southwest is a GARP (Growth a Reasonable Profit) pick, the VIX Indicator says it is a buy plus it's overbought.
post earnings This Airline reported yesterday morning, and it is trading at the same level it did back on July 7, 2015. My Opinion for Southwest airlines is they have a great opportunity to merge with another airline and get their hubs. The stock is just stuck since two years I think it’s loss Just sell
southwest airlines we’re looking at the weekly chart and I see that oil prices has been a cause of any transportation company if it either Southwest Airlines or Kansas City Southern $KSU but, Southwest airlines ended the week with green bar. I don’t expect to see $40 this week but, starting off with a hammer on the week . Southwest expanded into the $50 and failed and then tried recovered at the $44-$42 range and then went to $36.24 can this recover?
LUV, re-enter new shorts2 months ago, i shorted at 39.8 but it turns out to be only a mini retracement and gap over my short :-)
Exited with mini losses.
But i am coming back with a channel now..
Hence, i am ready to short using put options.
P.S. It might overshoot higher, just be careful :-)
22 Jan 15
Time to go long on $LUV$LUV bottomed out in early July, now has been on a steady bullish run. Expectedly It met with some resistance at $37.5 level (and closed below it today). Overall, it has formed a domed bottom, and likely will form a "cup-and-handle" pattern. I expect this stock to recover to the mid $40 range in a few months.
$LUV is $36.97. Price Target Hit. Great HPS Trade.$LUV is $36.97. Price Target Hit. Great HPS Trade.
