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Analysis: #NYSE $LUV
Case 391 #Southwest_Airlines Co.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#LUV 1/4
Case 391 #Southwest_Airlines Co.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#LUV 1/4
Chart 1
Monthly Chart: Feb. 2020 closes below the 2014 #trendline and 2015 pivot (46.29) witnessed the loss of control - the downdraft saw price target the #confluence of #support of the 2000 #pivot and 2010 channel top trendline and price .....
LUV 2/4
Monthly Chart: Feb. 2020 closes below the 2014 #trendline and 2015 pivot (46.29) witnessed the loss of control - the downdraft saw price target the #confluence of #support of the 2000 #pivot and 2010 channel top trendline and price .....
LUV 2/4
..... bounced up $20. The Apr. 2020 pivot (31.25) and #Fib. 0.618 (18.23) are under pressure - a close below the latter retargets the May 2020 low.
LUV 3/4
LUV 3/4
