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SPIRIT AIRLINES INCSPIRIT AIRLINES INCSPIRIT AIRLINES INC

SPIRIT AIRLINES INC

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SAVE trade ideas

SAVE full detailed video analysisthis was a tough one and pokestar2019 made me put in work tonight lol but my primary count seems like it has a lot of confluent factors. the monthly macd is still bearish waiting on a cross to the upside no monthly rsi divergence with price we are trading below the weekly EMA ribbon the stochastic rsi is crossing on the monthly but we can definitely hang low for a bit before we move higher we got a massive volume candle on the monthly indicating a bottom is near and coming soon I had to cut the video short because of the time restriction but we need to keep a close eye on current price action this month to reveal whether we are going to get 5 elliot waves down to break the last low in price. my price target is around the $1 range because of the 3.618 extension on the fibonacci tool.also, the current price action has a potential wave 1 and wave 2 pivot that i was able to take the fibonacci extension tool to it and it lined up with the 3.618 extension showing an area of confluence around $1 If you are struggling with a chart and need some help i can do a free video analysis for you to help get you on the right track.just reach out. do not be afraid to ask for help. we are all learning here. enjoy the video and thank you for your valuable time everyone! all contributions go to my home church calvarypsl.com thank you Rigo
NYSE:SAVEShort
by rigorocks
1
SPIRIT AIRLINES, SAVE: LONGThe airline stocks took a big hit yesterday after Gov. Cuomo said visitors from highly infected states would be expected to quarantine themselves for 14 days once arriving in New York. However, today we made a decent bounce back off of previous support forming a double bottom. I am worried about this second wave of Covid cases spreading across the country, but all in all I think airports are a pretty safe place thanks to the safety procedures put in place. The number of daily flyers has been steadily increasing and I think technical analysis is on our side here. I recommend using proper risk management and avoid using margin to buy this stock while its so volatile. Let me know your thoughts.
NYSE:SAVELong
by MadMoney1125
3
SAVE: Strong Fundamentals, Bullish Technicals 1W (Jun. 19)X Force Global Analysis: In this analysis, we take a look at Spirit Airlines, a company leading the ultra low-cost carrier business in the US. We explore the company's fundamentals, as well as its technicals to assess its bullish probabilities. Fundamental Analysis - Spirit Airlines (SAVE) has shown an extremely steady growth over the past years. - Their revenue and net profit showed a steady increase throughout time - However, as with most other airline companies, Spirit Airlines was also heavily hit by the Corona Virus (COVID-19) - As a result, they have underperformed in terms of quarterly eps, in Q1 2020 - Nonetheless, as the stock market continues to bounce strongly, and the effects of the virus begin to mitigate, we see signs of a continued bullish rally - With businesses slowly returning back to normal, given that Spirit Airlines' financials remain intact with the current upwards trend, we could anticipate higher returns this year, compared to last year. Technical Analysis - Technically, the stock is extremely oversold - It has broken through the historical support at $33.13, testing new lows - However, as it dropped so severely, it has dropped in a choppy manner, creating multiple gaps on multiple time frames - The easiest to spot and refer to are the gaps on the weekly: there are gaps at $10.74, $40.42, and $51.95 - Prices have been trading under the Ichimoku cloud, indicating a bearish trend, for over a year now - We have two significant resistance lines: the short and long term descending trend line resistances marked in a dotted red line - The Relative Strength Index (RSI) is forming lower highs, as prices are suppressed by an external factor - the Corona Virus (Covid-19) - However, the Moving Average Convergence DIvergence (MACD) has formed a golden cross, with immense bullish histograms, demonstrating momentum and strength in the bounce What We Believe Spirit Airlines is a rather unpopular stock, with surprisingly strong fundamentals and financials. Technicals demonstrate 3 main areas of resistance: at $33 levels where the short term descending trend line and historical resistance converge. as well as the upper span of the Ichimoku cloud. The second major resistance lies around $40-42, where the previous local high at the 0.618 FIbonacci retracement remains with the price gap. Lastly, there is strong resistance around $51-55 where the 0.786 Fibonacci retracement, and price gap lie, with the long term descending trend line resistance converging. Eyeing these three major areas of resistance will help investors enter positions based on confirmations provided by the trend reacting to these levels. Should we break the final resistance, it's highly probable that SAVE moves to retest all time high levels, and possibly even create new highs. Trade Safe.
NYSE:SAVELong
by XForceGlobal
$SAVE Spirit Airlines Review The stock moves 100% last week , which is incredible but nevertheless unsustainable. Fridays afternoon session brought the selling as wisdom dictates profit should be taken . The RSI is very high and needs a reset. The stock was very popular among day traders and may be the focus of shorts this week I have included the relevant support ans resistance levels to consider in the days ahead. PLEASE GIVE US A LIKE IF YOU APPRECIATE OUR WORK, THANK YOU.
NYSE:SAVE
by Bullishcharts
1
Profit taking occurring on SAVE for the next few daysIn early May, Spirit airlines was tanking. I had recognized that there was a double bottom in play at the 7.50 range so I loaded up on some SAVE shares to look for a profit taking move. For the past week, this stock has been on fire, having multiple days of 30%+ gains. I feel that we are going to see some downward potential here in the short term. RSI is currently in the oversold level on the 4H, and after such an aggressive impulse, I would anticipate that there will be some profit taking going on over the next few days. I anticipate that SAVE will hit the yellow ascending support line, at around $19.00. If this support tumbles, I think it may be a bear trap would expect the stock to fall to around $16.50 before reversing its course for the next leg up on its up trend. I will be looking to add to my position at both the $19.00 and $16.50 levels. My bias will change if the stock closes below $11.50. I think in the long run, SAVE will revisit the price it was trading at the beginning of the year.
NYSE:SAVEShort
by xcbickel
4
$SAVE growth since Last Prediction, Log Curve Should StablizeFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Spirit Airlines is a long hold in general but looks like it is soon about to dip given how long its bullish run was. I would take the nice profit and likely reinvest in the dip if that was the case, as the bubble can start getting broken. It peaked at 12% growth today before going down 7%, and resistance seems to be tightening up. If you want a higher profit turnover, I suggest not waiting until all your profits go down.
NYSE:SAVEShort
by gamer456148
$SAVE $22 price target for Spirit Airlines Possible long above local resistance at $19, stock may need to consolidate after such a strong move in recent days before making a sustained move higher. Overbought in lower time-frames but plenty of room to run on daily Barclays commentary on SAVE "With the absolute lowest cost structure and lowest airfares of US airlines, we believe Spirit will likely be one of the first carriers to achieve financial recovery," predicts the firm. "While the future for travel demand in a post-pandemic period remains one of the largest questions for investors and airline management teams alike, most would agree that leisure demand is likely to recover first. Spirit's network is almost entirely exposed to either leisure or travel demand associated with visiting friends and relatives." Barclays has an Overweight rating on SAVE and price target of $18. High short interest of 21% could sustain the rally Company profile Spirit Airlines, Inc. is an airline that offers travel to price-conscious customers. The company's customers start with an unbundled base fares that remove components included in the price of an airline ticket. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.
NYSE:SAVELong
by Bullishcharts
6
$Save - Gap to be filled$SAVE Play that gap, scalp your 2% and move on. Everything is risky at these levels. Buy @ 19 to scalp to @ 19.80 as i feel its likely to get rejected again at $20 Does not show there is a lot of support until back around mid 14s as we had a big day for airlines across the board. very easy for a rug to be pulled. Either buffet fucked up super bad and we are all smarter then him...or everyone is in a massive airline stock bubble again, but its retail holding the bag, mainly because Spirits carry-on fees are horseshit. ;)
NYSE:SAVE
by IMF_Trading
Can Spirit Airlines start a recovery cycle?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. While, I don't personally like airline investments at this time period (for obvious reasons), I feel like as restrictions slow down, the supply and demand curve dramatically changes. Spirit Airlines already been dramatically beaten up a bit, and I see a positive retracement already happening for what will be a slow recovery cycle.
NYSE:SAVELong
by gamer456148