OnlyFibs
$LUV is holding a key demand shelf around $37.00 on the 8H chart following a retracement from $52.00+ highs. Without aggressive options flow, conviction relies on technical base-building at $37.00 and volume accumulation above $41.00–$42.00. Clearing $42.00 opens targets toward $46.00 and $50.00+.
💵 Profitability: Profitable ($0.94 Adjusted EPS in Q2 | $440M+ TTM Net Income)
📊 Last Earnings Result: EPS Big Beat ($0.94 vs $0.51-$0.52 est) 🟢 | Revenue Miss ($8.43B vs $8.58B est) 🔴 | Raised FY EPS Guidance to $3.25–$4.25 🟢
🔥 Bias & Conviction: Neutral-Bullish | Moderate Conviction (Strong technical support bounce at $37.00 backed by solid EPS growth and raised guidance, though waiting on volume confirmation above $41.00)
🎯 Key Levels:
• 🐂 Bull Trigger: $41.00 / $42.00
• 🚀 Targets: $44.00 / $48.00 / $52.00
• 🛡️ Support: $39.00 / $37.00
• ⚠️ Risk: $35.00 / $32.00
#LUV #stocks #technicalanalysis #hovdid
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