ECOM's bands do not react to typical piercing rules and seem driven more by MACD. Watching for MACD cross to continue the upward movement within its channel
Here'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.
Expecting SMA cross to push LMT right into resistance at 370.44 and straight into 363 which is around anticipated lower Bollinger Band. This will be a good place to reload.
TEVA testing former channel support (now resistance). Waiting for MACD crossover as well. A push back into the channel has room to 13.24. Limit order set at 12.67, stop 12.04
