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.
İşlem aktif
Delta variant is knee capping the momentum This may persist so long as MSM and CDC stick with their vaccine only tunnel vision.
İşlem aktif
SP moving sideways Still biased to the long side based on indicaors
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