Hawaiian Airlines

$HA

Mentioned airlines as a sector watch for rotation. Here’s a specific name that looks like it might be ready. The (largely) empty space on the right side from the current price, upwards, represents the sizable volume gap where resistance could first be expected.

The zoom out on the monthly shows little downside risk, unless you believe the airline that treks to Hawaii is going to zero.

I like to mix different types of setups into my portfolio to capture market rotations. This one looks a bit like a bearish to bullish reversal and I like the risk reward, particularly if you use the 5/20 day convergence as a stop out, as it’s only 30 cents below the current price.