Southwest Airlines Company
Long
Aggiornato

Trade Idea --- $LUV ---

113
Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup

Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio.

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Nota
MACD approaching uniform action at the zero line
Nota
Entered and then closed at breakeven

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