The outlook for the airline sector, $XAL, as well as the individual stocks within that index, many of which appear to be offering very objective trade setups with above average gain potential. Note: If you click the settings icon (cog/gear icon), you have the option to increase the playback speed of the video (1.25x, 1.5x or 2x playback speed), effectively shortening the duration of the video.
The following Short Trade Ideas have either hit one or all of their price targets, exceeded their suggested stops and/or no longer look compelling from an R/R perspective. As such, these trades have been moved to the Completed Trades category, along with all associated posts for future reference: ACN - After hitting the first price target for a quick 10.4% gain, ACN reversed shy of T2 & went on to exceed the last downward revised suggested stop of any move above 100.50. AVGO- Hit T3 for a 20.5% gain, with that price target on the daily chart also coming in where [...]
In updating the short trade ideas today, I just noticed that the update must not have been published after JBLU hit T2 (16.28) before printing a low of 16.26 on Aug 24th, providing a 24% gain. I had taken the screenshot that day but somehow must not have published the update. At this point, the suggested stop will be any move above 23.36. (note: this is the screenshot taken in pre-market the following morning which reflects prices as of the market close on Aug 24th). JBLU daily August 24th
The JBLU (Jetblue Airways) short trade T1 hit shortly before the close yesterday for a 10-13% gain (whether shorted on the first or second entry). Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T3 remains the final target at this time. JBLU daily June 10th
Following the recent bearish rising wedge pattern breakdown, the JBLU (Jetblue Airways) short trade has broken down from a bearish pennant continuation pattern today, thereby offering an objective add-on or new short entry. Also note that the actual support levels from the previous chart have been adjusted to the suggested BTC levels. JBLU daily June 8th
JBLU daily April 29th JBLU (Jetblue Airways Corp) offered an extremely objective short at the top of the wedge yesterday & still looks attractive here although the next objective short entry or add-on will come on a break below the wedge. Green lines are targets (unadjusted) with the specific buy-to-cover levels & suggested stop(s) to follow.