Shares of Southwest Airlines (LUV) fell sharply this morning before staging a major reversal. The low pivot today signaled a Southwest Airlines strong buy alert. This triggered based on the $23.25 level being hit, a max extension move into epic support from the high pivot in December 2000. Yes, Southwest Airlines tagged a level not seen since 2000. That is remarkable but also a Southwest Airlines strong buy signal that smart swing traders are acting upon.
Based on technical analysis, the stock likely put in a near-term bottom and will start seeing significant upside in the near-term. Upside expectations are for a 25% pop within weeks off this Southwest Airlines strong buy signal. Learn how to read the charts and profit for life.
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