MESA | Great Long Entry | AirlinesMesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned aircrafts and 14 leased aircrafts with approximately 507 daily departures to 129 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona.
MESA trade ideas
MESA Airline stocks endured a miserable 2020 due to the pandemic, but Mesa is not a typical airline. The company operates small planes under contracts with larger partners. In Mesa's case, that means it flies primarily for American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Deutsche Post (OTC: DPSGY) DHL. The fee-for-service model has helped insulate Mesa from some of the losses its larger partners have faced during the pandemic. Mesa last week surprised investors with a fiscal first-quarter profit that exceeded expectations, causing the stock to gain altitude.
US Stock In Play: $MESA (Mesa Air Group Inc)$MESA traded with a substantial day gain of +9.01%, closing at a 52 weeks high of $14.16 this morning. Share price of $MESA have doubled from $6.80 within a short span of four trading weeks, upon breaking out of a Symmetrical Triangle chart pattern with flattening volume and implied volatility over the course of two months. This price action behavior also confluence with a whipsaw around its 20DMA, implying indecisive drift in consolidated price action.
The next immediate resistance for $MESA to challenge is at $16, which was last traded in November 2018.
$MESA operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2020, it operated a fleet of 146 aircraft with approximately 373 daily departures to 102 cities in the United States and Mexico.
Mesa AirIncredible 300% increase over just a range of about 100 days. Earnings have been over expectation for the last two quarters and there is a dramatic increase in volume over the last week. The options market has started to increase as well with 10,000 Open interest for the $12 Call with the 19 Mar 21 exp. Looking to see how price reacts from this current high. Potential for retracement back towards $11 a share is in the spectrum of possibilities just as is it moving up towards $16 a share. Looking forward to seeing the coming weeks for Mesa Air group.
MESA: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
ATR Ascending
R/R ratio above 9
250RSI above 50
200MA ascending
Target:
PT = 19.25$
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$MESA can rise in the next daysContextual immersion trading strategy idea.
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc., which provides regional air carrier services under capacity purchase agreements with American Airlines and United Airlines.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,30;
stop-loss — $3,73.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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MESA Shorting - Riding the Bull - BeginnersHey I’m brand new at this and just started messing around with charts! I do not know many candlestick patterns but I am atleast a novice in technical analysis and spotting trends, etc, etc.. if there’s swing traders out there who see this please give feedback!!