http://stockcharts.com/h-sc/ui?s=LUV&p=D...
it might pull back a few cents as it is above the upper Bollinger Band but that is not serious. It is tough to judge how high it will rise but what you look for in this chart is the look of the indicators on June 12 of this year.
See how the Slow Sto fell out of 80 and the MACD and BBwidth arced then reversed direction? That is the end of the run
Good trading
I want to get into a call option on southwest, and it is soaring in price (yes pun intended). The RSI is at 70, and on the graph, there is a support RSI level at 50, but it hasn't been below 30 in over a year. Should I wait for 50 or 30? Or should I wait for a earnings announcement?
