Alaska Air Group preparing for a deeper move lower
Alaska Air Group was a stock I wrote about some weeks ago, and one which continues to maintain a heavily bearish outlook on the daily chart, with yesterday’s price action confirming this weakness with a tired minor rally higher that was lacking participation by the buyers. This effort to rally also occurred earlier in the month, and given the congestion phase now building, we are also seeing a platform of support developing in the $53.50 area, but should this level be breached then we look set for a further move lower for the stock. Indeed below this we have a low volume node on the volume point of control indicator, and as such we can expect to see the price move this region with momentum and on down to test the further levels below.
Moving to the monthly chart, this is equally revealing with the heavy selling in March associated with the wide spread down candle reinforcing the bearish picture as we break away from the VPOC itself denoted by the yellow dashed line. Here too we have a low volume node in the $50 area, and with the next developed area of potential price support deeper still at $46.50 and denoted with the red dashed line of the accumulation and distribution indicator, this may prove to be the first stopping point for this stock in its journey lower.
By Anna Coulling
Charts from NinjaTrader and indicators from Quantum Trading
Source: https://www.annacoulling.com/stock-trader-tips/alaska-air-group-preparing-for-a-deeper-move-lower/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,607,755,937 |
| Stories: | 8,162,824 |
Whistler Blowers, Insiders
