WestJet (WJA) candlestick chart

Tentative breakout for WestJet at 33. Target price 35 to 36
Tentative breakout for WestJet at 33 with a target price of 35 to 36.

WestJet (WJA) 6-Month Daily Chart

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.

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A view from the weekly chart showing the major uptrend for WestJet
Weekly chart for WestJet showing the major uptrend.

WestJet 3-Year Weekly Chart

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“It is all about probabilities”

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