(Finance) – Recover ground at Nyse la Southwest Airlines, up 2.89%, after yesterday’s jolt in the wake of thousands of canceled flights this week. Even today, the US carrier has canceled 60% of scheduled flights, exacerbating the discontent of the regulatory authorities in the sector, who are investigating the protection offered to customers as well as the failure of the commitments undertaken in the field of air transport.
The trend of Southwest Airlines in the week, compared toS&P-500notes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
The overall technical backdrop highlights strengthening bearish implications for Southwest Airlines, with negative pressures such as to force the levels towards the support area estimated at USD 32.51. Contrary to expectations, however, bullish pressures could push prices up to 33.42 where there is an important resistance level. The dominance of the bears fuels negative expectations for the next session with a potential target placed at 31.91.