Huge volume confirms the start of a market cycle
Market moves in cycles, when a trend reverses course it needs time and often has some obvious signs.
In this case we are seeing a long term down trendline broken, Ascending Triangle breakout, Potential Rounding Bottom.
Despite horrible fundamentals, vaccine coming in a month or two will definitely be a strong catalyst for airline companies.
Volume is important, when huge volume kicks in on breakouts, I'd increase my position size and hold it until it stops trending.
###NOT FINANCIAL ADVICE###
In this case we are seeing a long term down trendline broken, Ascending Triangle breakout, Potential Rounding Bottom.
Despite horrible fundamentals, vaccine coming in a month or two will definitely be a strong catalyst for airline companies.
Volume is important, when huge volume kicks in on breakouts, I'd increase my position size and hold it until it stops trending.
###NOT FINANCIAL ADVICE###