As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower.
I think we're likely to see
JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.
Let's see what happens from here.
I think we're likely to see
JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if that first support can't hold.Let's see what happens from here.
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