Showing posts with label airlines. Show all posts
Showing posts with label airlines. Show all posts
Tuesday, January 5, 2010
A few weeks ago I pointed out that bullish patterns where forming across the airline sector. Today many of the airlines were showing great strength and made big moves. Below are a few examples of airlines that were on the move today.
CAL found support on its 20MA and gapped up and opened near the top of its range.
UAUA broke out of its range then had a bullish pullback.
ALK pulled back to its 20MA where it found support and was a tag and go.
Friday, September 18, 2009
When I normally see one bearish engulfing pattern, i keep my eye on it. However, we have Bearish engulfing patterns in ALL Airlines & ALL Casinos. Please see attached pics of MGM and DAL.
The above chart of DAL shows resistance at a prior gap fill along with the bearish engulfing.
MGM shows the bearish engulfing pattern on substantial volume at early May highs.
More to come on this next week. This engulfing pattern will be resolved sooner, than later.
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