Despite travel having recovered significantly since COVID-19 lockdowns, US Global Jets ETF price action is far from its 2019 price. The ETF is up only 11.41% year-to-date and down about 32% in 5 years. The ETF has lagged behind the general market recovery and is trading at a MASSIVE DISCOUNT.
With the 48-month moving average and the higher-lows trendline looking like a potential resistance, the price should break above this double resistance possibility and if it fails, we will be accumulating for the long run.
With the 48-month moving average and the higher-lows trendline looking like a potential resistance, the price should break above this double resistance possibility and if it fails, we will be accumulating for the long run.