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Post Info TOPIC: Allegiant Air Technical Elliott


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Allegiant Air Technical Elliott
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ALGT ended the downtrend cycle from 2015 peak which represented the 3rd wave c of a corrective Flat structure which means the stock has resumed a new cycle to the upside looking for new highs or it will be at least doing a bounce against all time highs. ALGT rallied 49% from August low before ending that cycle early this year and starting a 3 waves pullback in wave ((X)) which is reaching equal legs area at $153 – $147 where the stock should be finding buyers as long as pivot at $121 low is holding. The first target to the upside if it manage to make a move higher would be around $210 area then depending of the structure of the move we can define the next path .
Thanks

I didn't find the right solution from the Internet.

References: https://stockaholics.net/threads/the-stockaholics-chart-of-the-day

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-- Edited by ducklife on Tuesday 9th of April 2019 10:06:44 PM

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A pilot's perspective: Yes, it's safe to fly on Allegiant Air. Recent reports critical of Allegiant Air's safety record have left prospective passengers wondering if it is safe to fly on Allegiant. The short answer is yes. If it were not a safe airline, the FAA would suspend the airline's operating certificate.

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