Hawaiian Holdings, Inc. (HA)

[JLS]

HA Sup/Res

For a stock chart showing high counts of support and resistance levels at current prices, I had to use a monthly chart to get an image that could more easily be seen and show their ultimate origin many years ago. That is shown in the top chart. My purpose is to show the historical origin of resistance levels at current price levels. It originated in 2014 and is currently being retested during the last several weeks. It's conceivable that HA will soon trade around that $15 level over the next few weeks. That was my motive to trade HA now.

I wouldn't get all hung up because the latest monthly candle in the monthly chart is red. In my opinion, a monthly chart in a volatile market (the type we're in) is worthless. Depending on choice of self-manipulation, one could look at a weekly chart instead, and it will show that the last week was tall and green. But I don't look at those either.

The bottom line for HA is: for support and resistance levels, one needs to only look back over the last several months. That is shown in the bottom chart.

History tends to repeat itself, so we will have to wait and see if HA will continue rising from here or if it has long-term memory of stalling out at $15, the level it held in 2014.

My personal stock trading method would not suffer from a stalled market (such as shown in 2014). That is because my current trading method is to make continual use of Buy-Writes, a CC (Covered-Call) strategy. That method works very well in stalled markets -- buy the stock, sell its Calls; wash, rinse, repeat every week.

The one thing I don't like about HA? It only has monthly options.

That could very well limit my stay here. While I have years of experience doing weekly CC trades, I have no experience doing monthly CC trades. Maybe the only difference with monthly Calls is that I have more opportunities to trade in and out of those Calls.

Speaking of stalled markets: notice how HA frequently stalls out during most years. That's not good for long-term investors, but it's great for traders.

Long-term price history:




Short-term price history and SR levels (over the last several months):