Show me some LUV 💙

SpockTradez
3 min readMar 18, 2024

Southwest stock ($LUV) dropped last week and it appears to have found a bottom for now. It’s currently under 30 RSI sitting at 27/28 right now. It’s also under its 200 SMA of $29.87. There’s a chance it could go lower with all the drama happening with Boeing ($BA) which is also below 30 RSI and its 200 SMA.

Fuel prices and Boeing production delays are largely responsible for the drop in share price.

I’m starting a position just under $28 and will continue to build a position as it consolidates. I’ll DCA on the dips as well.

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Others are also seeing the value of Southwest at this price:

Gonna keep an eye on $LUV as well as $BA as they fit in nicely with my current trading strategy.

OTHER UPDATES

ADM

Up about 14% on $ADM which just topped over 70 RSI so debating on taking some profits or holding strong. Either way, there’s more headroom down the road:

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DBX

Continuing to add to DBX as it consolidates. The 5 has crossed over the 20 so we should see some upward movement incoming:

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Trade long and prosper!

🖖

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