Frontier Airlines - reversion to the mean or pennant set up?

• This multi year pennant break resolution should provide a a good opportunity in this name that seems to be basing quite nicely.
  
• 3 Day MAs are starting to point upward. ++
  
• 60 VMA crossed 200 DMA +++
  
• Price consolidating above the volume shelf at 10.60 +++
  
• What it needs to do for long: Test 12.5 and continue to fill the supply from last ER. Pullback at the trendline resistance then would present a nice long entry.
  
• Disclosure: I went long today with a start position.