LIVE (LiveDeal) is attempting to make a Stage 2A breakout this week following a big move over the last few weeks. Volume did more than the weekly average yesterday alone, so looks on target to meet the 2x average volume requirement and relative performance has moved above the zero line over the last few weeks. So look for a good weekly close above the September high of 5.65 to confirm the Stage 2A breakout. Attached is the charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
The Airlines sector was the second strongest in this weeks performance tables with numerous continuation moves in the sector. The strongest performer of the week however, was AFLYY (Air France-KLM) which is listed on the over the counter market in the US, but it's primary listing is on the Euronext under the symbol AF
Air France was one of those stocks that moved straight from a Stage 4 decline in 2011/12 into a Stage 2 advance in late 2102 (i.e. a v-shaped bottom) and hence has needed a rest over the last year and so has formed a higher base of which it's now attempting to break out of into fresh weekly Stage 2 advance, and a potential monthly Stage 2A breakout also.
Volume was around two times the weekly average last week, and around four times the four week average, and relative performance broke above the zero line once more, along with the 30 week MA turning higher also, and so it's got good potential to breakout and make a longer term Stage 2 advance imo. Attached are the charts
Other stocks of interest in the sector with potential continuation moves and new highs: UAL, AIDIF, LUV, DAL, ALK, HA, SAVE, JBLU
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
