SAVE daily Oct 1st
SAVE (Spirit Airlines Inc) was added as a Short Setup back in late July with an entry to be triggered on a break below the primary uptrend line/bearish rising wedge pattern. The stock just recently broke below the pattern, triggering the initial short entry, then backtesting the trendline from below last week before rolling back over so far this week.
The thin blue line on this updated daily chart marks a minor horizontal support level at 66.70 which the stock made a brief intraday break below today before closing back just above that support level. SAVE will offer another objective short entry on the next break below 66.70 and still has plenty of downside left before the first target at 53.38 (placed somewhat above the actual support level of 53.25ish). click here to view the live, annotated daily chart of SAVE