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!
Every Thursday, we perform an analysis of three tickers that are looking interesting into the last two days of trading for the week. It is important to always remember using multiple time frames is the best approach to seeing the entire picture. In these videos, we see that airlines may have more room to move up based on the current chart setups both on the daily and weekly candles.