Don't Ignore This Chart

Alaska Air (ALK) Rises Above The Clouds


The airlines are a mixed bag currently. American Airlines (AAL) has an ugly chart. Alaska on the other hand is leaving the runway and starting to rise above the clouds of 2018.

There are new fresh breakouts occurring on this little pullback. Try to find stocks that might be able to find higher ground. With the global weakness, I would be inclined to keep stops tight.

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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