Posted by pintopower on 17th of Apr 2014 at 03:47 pm
Matt/Steve -
When you get the chance could you (perhaps during tonights
newsletter) go into more detail on what you think of oil? The
reason I ask is that the airline stocks look interesting and may be
impacted by the price of oil.
LFL - is doing a large triangle over the last year with the top
of the triangle starting in June 2013. It is near the top of
the triangle now and could breakout but the indicators are near the
top too.
JBLU - is doing a horizontal trading range since Nov/Dec and
could break out either way (perhaps depending on oil price)
LUV- since september of last year has been in an up trending
channel but it testing the channel from underneath which may
indicate that it will fall (is oil going up?).
FDX - descending triangle?
GOL - possible ascending triangle?
I don't have a stock charts account and don't know how to post
Thinkorswim charts here.
thanx,
pintopower
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oil and airline stocks
Posted by pintopower on 17th of Apr 2014 at 03:47 pm
Matt/Steve -
When you get the chance could you (perhaps during tonights newsletter) go into more detail on what you think of oil? The reason I ask is that the airline stocks look interesting and may be impacted by the price of oil.
LFL - is doing a large triangle over the last year with the top of the triangle starting in June 2013. It is near the top of the triangle now and could breakout but the indicators are near the top too.
JBLU - is doing a horizontal trading range since Nov/Dec and could break out either way (perhaps depending on oil price)
LUV- since september of last year has been in an up trending channel but it testing the channel from underneath which may indicate that it will fall (is oil going up?).
FDX - descending triangle?
GOL - possible ascending triangle?
I don't have a stock charts account and don't know how to post Thinkorswim charts here.
thanx,
pintopower