Long AAL Intraday
Looking at AAL today saw some good movement and it seems to be liking the 17.83 support area. In terms of probability, the stock holds some upside potential atleast until the next resistance 18.55. If the stock opens lower than the 17.83 support I will be looking at a more bearish outlook, a movement towards the 16.93 previous resistance. All in all in my analysis I deduce that
1. if the stock opens higher than the current resistance (18.55) I can definitely see a movement up to the 19.50 region and towards 20.30
2. If the stock opens at the current support (17.83) I can see it move upto to the resistance level 18.55 and profit with a quick scalp
3. if the stock open below the current support (17.83) I can see the stock move down to the previous resistance level (16.93)
My pick: #1
Given the right momentum and bull pressure we can break past the 19.50 region and if so I can place TPs at 19.50, 20.30 and 21.20
Let me know if you guys think of anything else. Just looking to record my ideas and if they help anyone with their own analysis, all the better.
1. if the stock opens higher than the current resistance (18.55) I can definitely see a movement up to the 19.50 region and towards 20.30
2. If the stock opens at the current support (17.83) I can see it move upto to the resistance level 18.55 and profit with a quick scalp
3. if the stock open below the current support (17.83) I can see the stock move down to the previous resistance level (16.93)
My pick: #1
Given the right momentum and bull pressure we can break past the 19.50 region and if so I can place TPs at 19.50, 20.30 and 21.20
Let me know if you guys think of anything else. Just looking to record my ideas and if they help anyone with their own analysis, all the better.
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