$LUV potential long term value play

Cập nhật
The airlines industry seems to have found a bottom over the past couple of months while the general market has rallied.

It may be a good idea to start accumulating positions in some of these potential long term value plays before a possible sector rotation into the airlines industry.

Here LUV broke out of its falling wedge and the pullback gave us:

1) Support of the trendline
2) A higher low
3) Reclamation of the 8EMA and 21 EMA

If it can clear and hold the 200 EMA I will start scaling into medium and long term calls.

Another good indication would be similar plays in other airline stocks such as JETS, DAL, UAL, AAL et al.
Giao dịch đang hoạt động
I am using a PMCC strategy where I sell shorter dated calls against my far dated one.
Đóng lệnh: đạt mục tiêu
My long call is almost reaching expiry. Closed them since my short call is now ITM.
Chart PatternsTechnical IndicatorsLUVsouthwestsouthwestairlinesTrend Analysis

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