Buy Southwest Airlines (LUV) at 44$-44.5$ to target 47.5$-48$Buy Southwest Airlines at market (probably 44$-44.5$ range) than w8 some days to sell at 47.5$-48$
LUV trade ideas
Not enough LUVAirlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish catalyst exists for airlines right now? They've been on life support since the get-go and the labour shortage along with Omicron has completely wiped out Q4 earnings for airlines. TA-wise, it's rejecting the 500 day MA on the daily and is looking week on the RSI and MACD. Price action suggests serious bearish sentiment in the short term. I also put up a Fib retracement from the COVID crash and it's lining up well. Basically this area being rejected is another piece of evidence for serious downside. Also an evening star on the weekly confirmed. Puts and shorts ?
LUV Accumulating on 50EMALong LUV above 46, currently accumulating among the 50EMA, same trend as last week upon accumulating on the 20EMA.
$LUV #stock I opened short position . $nasdaqI opened short position because I observed that perhaps we will have reversal at this point due to the following reasons :
candle lower low from yesterday and it is already to move out from uptrend channel and shape another one eliot wave.
At previous trading channels the fibonacci is 98% accurate and I believe the stock will decline for a little at fibo supports or support lines either which are almost the same territories and the everyone here have gains at this bad days for the nasdaq.
$LUV if airlines keep moving...Going to try a $42.50 call into the end of the week here at $0.45, looking for these to keep running to end the year...
LUV - Key reversal (KR) Buy SetupConfirmation signals:
- Key reversal (KR) buy signal
- Volume spike
- RSI Divergence
- Trend line respected
Take Profit 52.68
Buy stop 47.23
Stop Loss 45.25
$LUV - Key Levels and Analysis$LUV - Key Levels and Analysis
This looks like a good place to start a position. I do think it will go a little lower and the add levels are labeled…
Sell target 55.24
Add at 47
Double target 44.34
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
$LUV Analysis & Key levelsI did start a very small $LUV position here ---> Target 55.24 for 10.95%
Or next add at 44.34
Well… I started a very small position here… even though I’m still pretty bearish on Airlines (Especially after having a horrible experience on a flight this week… getting cancelled twice, but I’m trying to keep that bias out of my analysis)
So small position here… and I’ll add at 44.34 if it sells off more, which personally I think it will. (Look at that shooting star)
What are your thoughts on Airlines and Cruise lines right now? I’m leaning bearish in this sector because of inflation and unfortunately I know too many people that are feeling the strain and airlines and cruise lines really require a good economy to be a booming industry - which we are far from at the moment. But, with that outlook could bring excellent opportunities a little lower.
Let me know what you guys think & GL
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled (if any) and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
LUV seems to be prepped for a rally nowUsing the wycoff model it seems we are at the consolidation phase and can rally in coming days.
LUV Falling wedge Break out confirmedso as yall can see my opinion as switched to bias on luv as of now untill we go test that green supply zone at 52 then i want blood long for now though
hmm $luv puts ?? 1hr bearish on $luv think we could see a zone drop or 2 tbh could be a good short... not financial advice
LUV , keep an eye outNYSE:LUV Daily chart
Southwest released Q2 results earlier today and the share price dropped 3.5%
With the quarterly out of the way this is a potential buying the dip opportunity,
notwithstanding concerns over the delta variant.
Looking at the price chart, we see a possible continuation of the existing down trend.
However, momentum indicators and long stochastic suggest a reversal is in play
The way I intend to play this is to scale in small quantities daily. with potential stop loss
based on Fibonacci retracement (not shown), or if momentum indicators change direction.
Technical analysis update: LUV (13th July 2021)Southwest Airlines Company experiences correction similarly like Delta Airlines. Graphs of these two companies show high positive correlation. Though there are some differences. In Southwest Airlines Company RSI bottomed out and reversed back above 30 points. MACD and Stochastics show first signs of reversal too. In addition to that LUV did not retrace its recent opening gap. These are all bullish developements for LUV. Because of that we would like to set our short term price target for LUV to 55 USD and our medium term price target to 57.50 USD.
Correlation with DAL:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
$LUV Southwest Airlines Bullish 200ma Bounce
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NEW POSITION $LUV Target 64.78 for 15.93% $LUV Target 64.78 for 15.93%
Or double position at 46.98
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
LONG $LUVDouble three correction on wave analysis. in the retracement zone 1-1.618 (BUY ZONE). Bullish RSI divergence. It is coming out of TTM squeeze, Low end of StochRSI, Low end of SchaffTrendCycle, MKM just released higher Price Target. Prime time for reversal, was in the same position on 1/31 of this year and it broke out of that squeeze nicely. Just needs a little volume and I think $LUV goes.
Price Target is 68.44 which is 100% of wave 1.
Stop loss at 54.15 which is below 1.618 on retracement (invalidated).
I am currently in Jul 9 $60 Calls.
