VolumeSpreadAnalysis
Oct 24, 1:52 AM
$JBLU
Price:
$2.625
Volume: Above average
Catalyst: Reports of renewed merger/partnership chatter with Spirit have traders repositioning ahead of fresh guidance.
Resistance:
$2.85
Support:
$2.40
Bull case: A reclaim and hold above
$2.85 on strong volume could spark a short squeeze toward
$3.20.
Bear case: Losing
$2.40 support reopens the path back toward multi-year lows near
$2.10.
What I'm watching: Need sustained volume above average with higher lows to confirm real accumulation, not just a one-day spike.
Note: I’m not a financial advisor or a market predictor, and I don’t offer any premium subscriptions or paid services. Feel free to check out the link in my bio: @VolumeSpreadAnalysis
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