TAKE PARTIAL PROFITS ON AIRLINES IF BOUGHT ON DOUBLE BOTTOM PATTERN $AAL $UAL $DAL $LUV $SAVE $JETS
On May 28 in the Morning Capsule that is provided to paid subscribers to The Arora Report, we wrote:
Airlines are tracing a double bottom. This is bullish. ETF of interest is JETS.
Since then airline stocks have scored major gains. Airline ETF JETS was trading at $16.01 at the time the pattern was identified. It has traded over $22 today.
Those who bought on the double bottom may consider taking partial profits.
Recovery Portfolio
We will be shortly publishing two Recovery Portfolios that will include airlines, cruise lines, retail, financial and other cyclical stocks and ETFs that will benefit from recovery.… Please click here or the title below to read more.
June 5, 2020