I posted on LUV on 1st December and I was triggered into a long position the same day.
Since then it's been going sideways and appeared on our Gap & Go list this morning. This isn't a Gap and Go opportunity as the last bar has stayed within the small range. And it isn't a buy opportunity either (based on the last bar). But I am already long this stock and, so far, there is no reason for me to exit this position.
At the moment LUV is still very much in an uptrend. The current pullback isn't too deep and has only been a few bars. I am happy to let this position play out. Trades don't always immediately go your way. Let's see what develops.
Since then it's been going sideways and appeared on our Gap & Go list this morning. This isn't a Gap and Go opportunity as the last bar has stayed within the small range. And it isn't a buy opportunity either (based on the last bar). But I am already long this stock and, so far, there is no reason for me to exit this position.
At the moment LUV is still very much in an uptrend. The current pullback isn't too deep and has only been a few bars. I am happy to let this position play out. Trades don't always immediately go your way. Let's see what develops.