Even with market indexes making lifetime highs every single day, Alaska AIrlines, it broken its long-term trendline.
Even with market indexes making lifetime highs every single day (with the notable exception of Saturday and Sunday), including the Dow Transports, I thought I’d point this out:
(Click on image to enlarge)
The above is Alaska AIrlines (ALK), and as you can see, it broken its long term trendline. Here’s a closer look. I’m already short it, with that red horizontal as my stop-loss.
(Click on image to enlarge)
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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