$NASDAQ:ULCC Breaking out of double bottom pattern - 40% upsideNASDAQ:ULCC is breaking out of double bottom pattern after reporting earnings.
Entry:
Any current price point above the $8.33 breakout point.
Price Target:
$13.87 ~40% upside.
ULCC trade ideas
Frontier Airlines - reversion to the mean or pennant set up?
This multi year pennant break resolution should provide a a good opportunity in this name that seems to be basing quite nicely.
3 Day MAs are starting to point upward. ++
60 VMA crossed 200 DMA +++
Price consolidating above the volume shelf at 10.60 +++
What it needs to do for long: Test 12.5 and continue to fill the supply from last ER. Pullback at the trendline resistance then would present a nice long entry.
Disclosure: I went long today with a start position.
