Hawaiian Airlines HA Reversal Long

2023년 8월 19일

HA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with

an ascending neckline extension. An anchored VWAP is added. Price is currently in the

deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow

coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside

in the area of the mean VWAP. The second target is the confluence of the July 10 pivot ,

the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red

line) at the area 12.5. This is about 35% upside. I will take this swing long trade and

investigate a suitable call option as well.