LUV : Closed the position at different levels

4 มี.ค.

Although I initially entered with a single position comprising about 2.5% of the net capital, I had to book it in two separate levels. I closed half of the position at around breakeven levels and the remaining half for a profit of about 22.47% of the remaining invested capital. The looming recession worries and the potential global slowdown of economies don't give me much confidence to hold onto a stock, especially in the airline sector, which is one of the sectors that will be most affected if a recession kicks in.

I'll contemplate re-entry if the price crashes to the low of the anticipated parallel channel, which I expect to form, after evaluating the macro and microeconomics at that time.

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Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.