LCC is once again approaching T2 for those that took the short (posted on feb 7th as a short entry at 9.01). T2 was hit shortly after i added the additional targets (T2 & T3) on feb 23rd for a 23.5% gain an is very close to that support level once again, although the odds favor T3 being hit if T2 support does not hold. charts in chronological order.
LCC, like the other recent airline shorts posted recently, is doing very well. in fact, it has surpassed my 1st target so i've added two additional target to this chart. also note that FAA (the airline etf) and many of the other recent airline shorts have hit or surpassed their 2nd targets which gives the final targets (T3 on most) a good chance of being hit. however, on a related note, IYT has so far held and bounced just above the first support level that i noted on the recently posted daily chart and FDX is right on the bottom of [...]
not as clear an entry on the daily chart as the other airlines on LCC but my gut tells me this one got ahead of itself here and will see that target zone before it takes out it's recent highs (which would be my stop, if so). consider using 60 min chart to confirm entry.