Still bearish and getting more bearish due partially to the bullishness on my Twitter/Stocktwits timelines. Been adding to June puts ever since the wedge broke down and will double my position if/when $20.50 breaks. The market has given airlines every chance to rally but this chart is STILL bearish no matter how you cut it. Will cut the trade above $24.50.
From an overall trend standpoint, here is what I would need to see to be NOT bearish (not necessarily bullish, but maybe), in order of importance: 1) WEEKLY AND/OR MONTHLY RSI to close above 30; 2) Daily RSI to close above 60; 3) Daily close above 50 sma. Until all 3 of these occur, my personal opinion is that this could see sub $5 prices again.
From an overall trend standpoint, here is what I would need to see to be NOT bearish (not necessarily bullish, but maybe), in order of importance: 1) WEEKLY AND/OR MONTHLY RSI to close above 30; 2) Daily RSI to close above 60; 3) Daily close above 50 sma. Until all 3 of these occur, my personal opinion is that this could see sub $5 prices again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.