Aug. 6 at 5:22 PM
$ULCC RSI and MACD signaling that Frontier entered in the oversold zone. We might not go below
$3 but the selling pressure even if lower than yesterday is still consistent. Once the market digests the results, which were btw in line with expectations, we can bounce off.
But I'm afraid they'll keep this below
$4 until September.
However, an interest rate cut in September would spark bullish momentum and help the stock recover and go back to the
$4 zone.
The Q3 results will definitely be the determining factor that will establish an upside direction. Otherwise this could unfortunately bleed until EOY, staying in the
$3-4 range for a while.
Consumer sentiment has to improve and travel spending and demand, if the macroenvironment improves too, could boost this stock and ticket sales.
