Long
Can SAVE reverse from a lower low LONG
Aktualisiert
SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
in a falling wedge with episodic trends up in the wedge. At present price is at the longer
support trendline of that wedge. Relative strength reflects an oversold and undervalued
condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a
long trade here as SAVE's trend down may be overdue for a correction. I am looking for a
swing trade of 20&% overall with the targets on the chart.
Trade ist aktiv
SAVE moved up. Stop loss modified to a trailing 3% stop loss. Profitable trade. Full position.Anmerkung
Zoom- in showsa golden cross and bullish momentum Anmerkung
Holding for a reversal from a double bottom.Anmerkung
First target hit- 25% of the position closed to realize profit.
Haftungsausschluss
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