AZUL gearing up for the highs again?AZUL has been in uptrend mode since the start of 2019 with a YTD return of 40% but has been capped below 38 for the past 2 months. Finally, we are seeing some bullish price actions above 38 as buyers seem to have overpowered the sellers. As it clears the last resistance, it looks like there are clear skies ahead for AZUL towards the all-time highs where profit-taking may happen again.
AZUL4 trade ideas
AZUL set to fly higher.The Brazilian airline company is in a great growth phase, as South America begins to develop a economy with a greater percentage of the population having the ability to travel. It must be remembered that a vast majority of the population in Brazil may never have stepped foot on a plane, the market is immense for expansion.
AZUL ShortTrading in Downward Channel
rejected/bounced multiple times
Short position
Tight Stop loss (1%)
