JBLU Long: Another Breakout Opportunity!Hey traders, here is another bull flag breakout opportunity. I want to buy after resistance is broken. Happy trading
JBLU trade ideas
JBLU: Tight stop longWe have a great long opportunity (or a chance if you're long) in JBLU here.
If you follow me and Tim West at the Key Hidden Levels chatroom you'd know we've been buying airlines for a while now, with great results too.
I'm adding to JBLU here, looking to ride the next leg up with minimal risk.
Risking 0.5-1% is ok here.
Good luck!
Ivan Labrie.
JBLU- one of few promising trading opportunities in this marketJBLU- JetBlue is one of the few trading opportunities I see these days. The downtrend seems to be broken and there are two gaps. Today's gap looks good too.
Transports Continue Weak: Trending Now - Jet Blue - LowerI was looking at the transports and I observed mostly non-trending stocks that won't make you money.
Lot's of zig-zags and short moves up and down.
Jet -Blue-is trending. The trend is DOWN.
There are many sell signals.
1. Sell Fractals in effect (rectangle on chart).
2. Alligator jaws opened in tandem with sell Fractal. Now feeding in down-trend.
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area, indicating a trending stock , which is trending DOWN.
4. Phase energy (lower top indicator) is heading lower (two consecutive red bars and the action is BELOW the zero line).
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading sideways to DOWN.
6. Prices are trading BELOW the Ichimoku Cloud .
7. Prices are trading below the thick red Ichimoku Cloud conversion line.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud and this rolling over to the down-side.
9. The trend-line that is heading down (thick golden line just above the sinking Ichimoku Cloud) has been going lower for two years.
I would not own these shares for a long position. I wouldn't buy the-IYT either.
According to the DOW-Theory, the transports have to confirm the-Industrials. I don't think this will happen any time soon.
Good luck to you in all your trades. Don.
Head and Shoulder on JBLU playing outThis head and shoulder on Jetblue is playing out nicely. Target is 11.
Jet Blue / On Downtrend looking for supportJet Blue is on a big downtrend. We are showing some RSI divergence in the last days, but only support on the map is the 16.28 / Fibo 0.682.
Will see how it goes.
JBLU Bullish OpportunityPE = 10.44 ; Forward PE = 8.15 (GOOD)
EP/S (t.t.m) = 1.97 ; EP/S Next Year = 2.52 (GOOD)
Book/sh = 10.04
Target Price $27
JBLU & USDCAD - Long to 26JBLU has shown a strong correlation with USDCAD, as both financial instruments are inversely correlated with oil (shown below). It should also be noted that USDCAD has recently broken out of a cup and handle pattern on the monthly chart and a continued rise could be an early indication of similar price action in the aerospace sector. The wave count for USDCAD suggests that an extended fifth may be in progress, which if true would provide a confluent fifth wave target. JBLU targets may be placed at 26 and 30, extensions of wave ((3)). These extensions proved to be important in sub-degree 5th wave targets and the fractal characteristic of EW suggests that these levels may also play an important role on the larger degree. A SL may be placed below wave (1) high at around 21.40.
Correlation with USDCAD:
USDCAD Monthly Cup and Handle:
USDCAD Wave Count:
Sell Short JetBlue (JBLU) compared to Buy Southwest (LUV)The ratio of LUV/JBLU is turning up after a long slide of 50% from 3.00 down to 1.50 where it is breaking a 5+ month downtrend in the past two days.
If you look at the pure price chart overlay of the two stocks, they oscillate back and forth over time and looking back one year (in this chart) you can see that LUV is lagging a bit lately and JBLU is ahead of itself.
I am looking at putting on both of these positions: Short JBLU to fall relative to LUV. And Long LUV to rally relative to JBLU.
Risk 3% to make 10% over the next 10-15 days.
Tim 1:48PM EST Friday, July 24, 2015
JBLU shortA 5 wave formation has finished, I suspect an ABC pull back to somewhere around the 38.2% fib retracement. Risking only .67 on the trade, with a 2.84 target or 14.01%.
JBLU LONG lots of support Stochastic s turning up JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
JBLU further to fly?Further up-move on average volume and new highs may provide further upside in this out-performer in the sector, Would need confirmation of further move higher in last hour despite the lofty heights price seems to continue to hit,
JBLU ready to fly againRe-test of $18 high on strong trading volume. good options yields for weekly position may suit ITM call spread or weekly covered call
JBLU DailyWolfe Waves and cross current Channels.
Triple Top. Rejection bar. 1/2-diamond formation.
Under 20 sma.
MACD triple top. CrossOver.
RSI bearish divergence.
Target_1 : 11.97
Target_2 : 11.44
Triangle within a triangle (Bearish Pattern)Price ahead of the earning skyrocketed today, and it scared recent short sellers but will it last is the question? There were two bearish signals lately both bearish triangle but today's price action seems nullifying both of them. Trading is a tough business, and u need to do more than viewing chart. Recent long swing upside achieved its target, the bearish harami failed but for scalp trading proved to be Strong signal (1-5 days) the large bearish triangle may finally prove right. The stdev stands as of today 1.97 and the stock is up 69% from July last year. Now, no position but may start one at $12 and above. If you like this follow us
