Can SAVE reverse from a lower low LONG

SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk

in a falling wedge with episodic trends up in the wedge. At present price is at the longer

support trendline of that wedge. Relative strength reflects an oversold and undervalued

condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a

long trade here as SAVE's trend down may be overdue for a correction. I am looking for a

swing trade of 20&% overall with the targets on the chart.

עסקה פעילה:

SAVE moved up. Stop loss modified to a trailing 3% stop loss. Profitable trade. Full position.

הערה:

Zoom- in showsa golden cross and bullish momentum

הערה:

Holding for a reversal from a double bottom.

הערה:

First target hit- 25% of the position closed to realize profit.