Tuesday, February 08, 2011 1:22:26 PM
LUV - as I mentioned on the second chart in the previous post (this post replies to), price has moved up to revisit the head and shoulders neckline breakout, this is very common head and shoulders break behavior:
Here is a short term look. The blue line is that same neckline. I am adding here because of this resistance area, because of the head and shoulders, and because of this short term rising channel resistance closely co-existing with the neckline resistance. Mental stop on this short en-total is ~13 as that would invalidate the head and shoulders completely.
Here is a short term look. The blue line is that same neckline. I am adding here because of this resistance area, because of the head and shoulders, and because of this short term rising channel resistance closely co-existing with the neckline resistance. Mental stop on this short en-total is ~13 as that would invalidate the head and shoulders completely.
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