Tentative breakout for WestJet at 33. Target price 35 to 36
Until WestJet holds for a couple of days above 33, I class the breakout as tentative. If it holds, we have a new support reference point. The reversal of roles from resistance to support is a important concept in technical analysis.
Reference my last chart analysis for WestJet published on October 23, 2014.
A view from the weekly chart showing the major uptrend for WestJet
“It is all about probabilities”
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