JBLU

Jack Haddad · #1 (**permalink**) 12-15-05, 11:44 AM

JBLU is once again challenging the 19.00 resistance mark. Will it succeed?! It's anyone guess. This is one hell of a stock to chart. Let's see what happens here.

Stocktrading101 · #2 (**permalink**) 12-15-05, 03:18 PM

It succeeded, and it looks like it'll be an accumulation day today. Alot of insider selling, wonder what that is all about. I dunno about that 200 MA though as resistance, then it has the $20 barrier mark to surpass it seems.

Jack Haddad · #3 (**permalink**) 12-15-05, 03:20 PM

JBLU is performing well for longs. It appears that a challenge of the 20.20 resistance is imminent. Fundamentally, the compnay has experienced a 17% increase in traffic for the month of November! That is yet to be factored in the stock's price. I say we see 22 pre-earnings annoncement. Thereafter, if there no surprises, the stock will break through the 25.60 8 months support.

Jack

Jack Haddad · #4 (**permalink**) 12-16-05, 11:16 AM

Bingo!!! JBLU has challenged the resistance of 20.20. I love it when charts read like poetry in motion. G/L

Stocktrading101 · #5 (**permalink**) 12-17-05, 11:54 PM

Jack, friday closed up $1.20 to $20.72. HEAVY accumulation. So far so right! nice call, let's see how far it goes.

Regards,

Jack Haddad · #6 (**permalink**) 12-19-05, 11:55 AM

JBLU above 21.05 is very bullish. The stock is beginnig to actually form a single top reversal pattern, a formation which usually takes 3 months; that said. we should be challenging the 23.52 week high. G/L

Jack Haddad · #7 (**permalink**) 12-19-05, 04:47 PM

JBLU has gone wild. A test of the 52 week high is a sure thing.

Jack Haddad · #8 (**permalink**) 12-21-05, 10:49 AM

Please be advised that valid H&S pattern formation occur over periods of at least 4 months, so said the literature.