Long opportunity on LUV

5 thg 5, 2020

I believe there is a long opportunity on LUV at the 23-24$ level. This level completes the head and shoulders pattern and is also a previous all time high set in OCT 2001. Old resistance tends to becomes support so i'll be looking for this play and i believe there will be lots of buy orders in that area driving prices up. Targets will be around 31-35$ to take profit which would be a 35-50% gain. If these levels are broken i expect a move up to 46-50$ in the long run. Good luck!