Nov. 13 at 1:45 AM
$LUV is currently trading at
$32.03, showing a neutral market context with an RSI of 41.2, indicating it is not overbought or oversold. The price is slightly below the 30-day moving average (MA30) of
$32.16 and the 50-day moving average (MA50) of
$32.09, suggesting potential bearish pressure. The recent high of
$34.98 and low of
$29.26 over the past 60 days indicates a range-bound market.
Directional bias is slightly bearish due to the price's position relative to the MAs and the RSI being below 50.
Suggested entry is at
$31.80, just below the current price, to capture potential downside movement. Set a stop loss at
$32.50 to limit risk.
Targets are
$30.50 (near the 60D low) and
$29.50 (a psychological support level).
Monitor for any changes in momentum or market conditions that could affect this plan.
https://privateprofiteers.com
