So what industry right now is getting affected and is very, very cheap? What's going on team, it's ricky with tech, but solutions here with another video, and i haven't made one of these videos in a while. Just with my big focus on tesla, my big focus on amc wanted to provide you guys with a quick little update. But i wanted to talk about what industry is oversold and it's not that we need to buy in heavy right now. Uh.

But a lot of these stocks offer good margins if they do recover. So i really hope that you enjoyed this video. If you do, please consider dropping a thumbs up uh a quick little update on the day. I know it sucks to see um amc pulled on back today.

No other way to put it. I have 3 400 shares right now. 34 freaking 100 shares aha and right now it is at 54 market hours. I lost nine thousand dollars so one in friday as an update, not just on my green days but of course, the red days um.

I made a watch list and these are not just all the stocks uh within the airline industry, but one of the things that we always talk about is that it's the very simple things in life that people over complicate and it's so useful to have effective watch Lists even for different industries right, if you have a focus on tech, if you have a focus on cannabis, if you have a focus on airlines right, these are just some of the few airlines that i wanted to talk about and let's go ahead and jump right To it so the most popular one is american airlines right, ticker, symbol, aal and you guys could see that based off of where it was before and where it's at right. Now, if we use this little trend line tool on the weeble platform, you can see that from 21 a share to a potential full recovery, not that it has to recover uh, but a potential full recovery that would offer 20 if it makes a recovery like. Why are we not talking about this? Yes, you know it's not as hyped up as amc uh, but if you're looking, if you're not much of an active or aggressive trader uh, maybe this can be something that is more up your alley right. If you're like, i use american airlines, i like them, you can look into their financials and if that's something that you you know, uh potentially see value in then uh.

Why not um, you know, look a little bit more into it and wait for confirmation of a reversal see if we begin to actually indicate signs of an uptrend, and if we do, i would love to add more to my position size on american airlines right. So i can buy light, meaning that i can buy. You know ten percent of what i intend to invest in right. So if i intend to invest a hundred thousand dollars into american airlines going in with five thousand dollars right and then adding more to it, once we get proper confirmation that can be the best of both worlds right.

So a great example for american airlines. Another very popular one is southwest airlines which is luv, and you can see that it has recently sold off this one's more consistently descending and it hit highs of nearly 65 dollars a share. So you can see that from the trendline tool it looks like it's been making lower highs and lower lows. So it's not that we want to buy it right now.

It's just cheap, it's a cheap stuff right. So that's why we're talking about it from where we're? At right now, to previous 180 day, highs: 20 potential, 220 sucks. Why have we not talked about this? This is spirit airlines. Where are all my budget people budget airlines? I don't know what you want to call it.

I used to ride through spirit all the time. Uh now i use frontier frontier is pretty cheap uh. You guys can see right now that uh spirit is ticker symbol, save and from where we're at right now testing ema line uh if it were to make a full recovery 29. Why are we not talking about this three stocks over 20? Just amazing right yeah, it's not amc, it's not a momentum stock, but why are we not talking about this right? Why not, you know, set effective alerts, wait for confirmation so wanted to bring it up.

Boeing again huge industry right when it comes down to uh the airline industry, so a huge focus in airlines, obviously, and from where we're at right now to previous 180-day highs 14. Definitely not bad uh previous resistance level right around 255. That's about five percent! So uh! This one hasn't sold off as aggressive, so just make sure you take that into consideration jets. How many of you guys like trading etfs etfs, are not for everyone right so make sure you take that into consideration.

But jets is an etf that has a focus on the airline industry, not just airlines with airline industry, and you can see that from where we're at. As of right. Now, using this fine little trendline tool, you can see that if it does make a recovery, that's about 11 percent, if it makes a full recovery to 180 day highs. That's 17, nearly 20 we're not there yet right again, lower highs and lower lows.

It's not indicating signs of a reversal really right now we're not seeing higher highs. We're not seeing an upward staircase pattern. Nothing like that! So it's not that again. I need to repeat this: it's not that we need to buy right now.

It's that maybe we need to prepare, create effective watch lists, set effective alerts and formulate a plan right where's, your entry. Where are you going to add more to your position? What do you plan to sell? Where would you manage your risk right? Not every trade goes. According to plan, or every investment goes according to plan, the last one that i want to talk about is alaska airline right now, it's kind of doing some weird things during the extended hours, but it's been making these lower highs and lower lows as well, and with This nice little trend line tool again at ema line, so i wouldn't be surprised if it gets rejected. We could see that it offers a surprising 21 potential if it were to make a full recovery as it doesn't have to, but it definitely can right uh.

It's something to work towards um, it's exciting one of the things that i really want to make sure that i share with you guys is that you know just like this industry there's a lot of other industries that are at overbought levels, kind of like tech, right Uh and then there's some industries that are at oversold levels. So what i like to do is to understand the oversold understand the overbought, and just because something is overbought doesn't mean that it has to pull back anytime soon right. It can continue to rally if that momentum and that demand is there the same thing with oversold levels. You need to make sure that you understand this.

It's great finding deals, but oversold does not mean that you buy right now. It can still continue to sell off a lot of these offer 20 right. If they continue to sell off, they might offer 30. It pays to be patient in this market.

Keep it simple right. Allow that opportunity to present itself follow up with it set effective alerts. What do these stocks need to do to earn your money to invest into them? I think that's a good way to put it. Let me know what you guys think in the comment section so again.

I wanted to provide you guys with a quick little update. I really hope that you enjoyed this video. If you guys did, please consider dropping a thumbs up. Consider subscribing, if you guys haven't done so already, and we do run a free facebook group, one of the largest ones out there.

It has over 313 000 members all over the world and that's that first link down below. If you guys want to join one of my live trading sessions. I trade live every morning at market, open it's fun, and if you like the way that i break things down, then i think that you'll enjoy these live streams as well. That's that second link down below so i really do appreciate you guys time.

I wish you guys nothing, but the best and like always, let's make sure that we in the year on green now. Thank you team.