LUV trade ideas
$LUV Southwest Airlines Reversal
Possible long entry at $33
Upside target $37
50ma has held as support.
Upgrades today may help.
MACD supporting push to fill gapHere's a look at LUV's gap that will be filled. MACD supporting the downward movement. Testing current support. For those playing 4th of July, this might be a good opportunity to scoop up the potential gap-fill (which may equate to the lower Bollinger band test). Noting "short" for short-term (1-3 days) but I'm long on the Bollinger rules.
$LUV - Squeeze Trigger soon? I am biased to the short side. But another long side break may not have a big run up, the squeeze defines there is no resistance to the top.
LUV - SouthwestFollowing the channel down smoothly and having the sudden spike in price is being followed by a move back down. From the high of the short bear rally price has already retraced 50% of its gains. Making its way towards the .382 value to make the next test on that range. Looking to see for a potential low area underneath for target range
$LUV Southwest to $44 range
domestic air travel is on the increase as folks have had enough of the lock-down
Air travel will not get back to old levels for some time but any improvement will stimulate some positive sentiment.
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Long LUV Change of directionLong on South West finally waking key directional changes. Time to rally
$LUV UPDATE - TA WORKSUpdating the chart as a cheers to my buddy who's killing this trade. Cheers to Kyle!!
Sharing a LUV Chart with a friendSome example targets & trend-lines are shown. Take proper precautions.
LUV Airlines on a come back.Hello,
Southwest Airlines said Tuesday that new bookings are now outpacing cancellations, a turning point for Southwest Airlines as seen on this chart as a reversal. I would wait for a correction before going long on this trade.
Details on the chart!
Good Luck
Cheers!
