AZUL has been in uptrend mode since the start of 2019 with a YTD return of 40% but has been capped below 38 for the past 2 months. Finally, we are seeing some bullish price actions above 38 as buyers seem to have overpowered the sellers. As it clears the last resistance, it looks like there are clear skies ahead for AZUL towards the all-time highs where profit-taking may happen again.