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Non-Tech : Airline Discussion Board

JETS 24.18

+0.8%

4:00 PM EST

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Glenn Petersen

OldAIMGuy

Stock Puppy

To: Glenn Petersen who wrote (1183)	6/27/2020 7:44:44 PM
From: Moonray	3 Recommendations of 1868

We should find out this week if the airlines are worth a trade over the next few months, or not. With the bad fundamentals and their worsening by the COVID-19 infecting a lot of the public in many states that have opened from quarantine, it does not look good. The JETS ETF chart should show us the way. There is support at its current 16 price and the Slow Stochastic has reached an oversold condition. We need advancement from here. The Point & Figure chart shows support at $15.50 which it almost touched on Friday. If JETS fails to hold this support, you can see the bearish objective of $13.50 reached. o~~~ O

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