Sunday Update for Week of December 3rd – Oil Drops and Airlines “Fly”

A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. As always, looking at previous charts that were drawn to see what went right and what went wrong is the best way to learn and grow in the stock market as a technical analyst. In this week’s edition, we revisit the airline stocks that were analyzed in the second week of November to see how the charts how fared since. Click here to see the Thursday Analysis from early November to compare the charts to today! 

DAL: Daily vs. Weekly

Video Analysis:


LUV: Daily vs. Weekly

Video Analysis:


UAL: Daily vs. Weekly

Video Analysis:


USO: Daily vs. Weekly

Video Analysis:


SPY: Before vs. After

This weekend’s “Before and After” shows the S&P 500 ETF, SPY, trading in a very distinct price channel on the weekly candle. Due to this setup, we created an alert below to let us know when the price enters into the purple shaded “alert area”. The alert worked perfectly and price bounced hard into the last week of November. To learn more about our price alerts and how to set them up, please click here.

Before

After

Mobile Alert Sent


Timestamps Captured This Week

BABA

AGEN

TWTR

 

 


Enjoyed this blog? Make sure to click on the links below to follow us on social media for intra-week chart updates:

StockTwits
Facebook
Twitter
LinkedIn

REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.