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Jets with good risk reward ratio

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U.S. Global Jets ETF (AMEX:JETS)  
fqalogtrader  
AMEX:JETS   U.S. Global Jets ETF
Support and Resistance Chart Patterns Moving Averages JETS jetsetf jetlong airlines gap
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supportandresistance chartpattern movingaverage jets jetsetf jetlong airlines gap
This is one of the industries mostly beaten down by pandemic. As we have now positive news about vaccination I think this industry due upside. Another bullish sign as per technical 20MA cross above 50MA and 50M above 200MA. Most of the airline stock ticker has a similar chart pattern. As per chat setup, this has a good risk-reward ratio. Play strategy

- Buy around 22.06 which is the nearest support. Stop-loss 20.56.
- Potential target 29.25 where the gap
- P:L = 32:6
Penafian

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