LUV , keep an eye out

LUV Daily chart

Southwest released Q2 results earlier today and the share price dropped 3.5%
With the quarterly out of the way this is a potential buying the dip opportunity,
notwithstanding concerns over the delta variant.

Looking at the price chart, we see a possible continuation of the existing down trend.
However, momentum indicators and long stochastic suggest a reversal is in play

The way I intend to play this is to scale in small quantities daily. with potential stop loss
based on Fibonacci retracement (not shown), or if momentum indicators change direction.

Zlecenie aktywne:

Delta variant is knee capping the momentum
This may persist so long as MSM and CDC stick with their vaccine only tunnel vision.

Zlecenie aktywne:

SP moving sideways
Still biased to the long side based on indicaors