Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Can SAVE reverse from a lower low LONG
Spirit Airlines, Inc.
Long
Can SAVE reverse from a lower low LONG
By AwesomeAvani
Follow
Follow
Updated
May 13
6
1
1
Apr 25
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.
Apr 30
Trade active
SAVE moved up. Stop loss modified to a trailing 3% stop loss. Profitable trade. Full position.
Apr 30
Comment
Zoom- in showsa golden cross and bullish momentum
May 2
Comment
Holding for a reversal from a double bottom.
May 13
Comment
First target hit- 25% of the position closed to realize profit.
airlinestocks
Falling Wedge
JBLU
LUV
SAVE
Trend Lines
UAL
Wedge
AwesomeAvani
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.