Professor’s Comments JBLU 12/23/15

Posted by OMS  at December 23rd, 2015

I’m watching JetBlue (JBLU) today. The stock appears to have completed a wave 1 up, followed by a wave 2 triangle consolidation pattern. The five waves of the triangle pattern can be easily see on the shorter term bars.

The Money Flow indicators suggest it could be heading higher.

Looking to buy for a possible wave 3 move if the scalp trade indicators turn positive.

h

Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
FAQ

All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.