AAL ( American Airlines Group Inc. ) BUY TF H4 TP = 14.34On the H4 chart the trend started on Aug. 13. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 14.34
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
AAL
American Airlines AAL approaching an important level AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then
consolidated in a tight range and then a retracment trend up. Price has reached the top
of the high volume area of the volme profile. It is near to the standard Fibonacci retracement
zone tooled onto the chart. This zone from above rejected price on March 7 and 8.
AAL has had news of late about baggage problems but then came the news about an agreement
about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make
break through the zone and then rise as much as 5%. However, it could be rejected and
5% into its support based out during the consolidation.
UAL Falling Wedge Pattern SHORT from the Resistance TrendlineUAL is looking to fall 10% from the upper resistance trendline as the summer travel season
comes to a close. Shorting UAL with a put option in the money expiring in one month. Current
trend shows traders are not impressed by earnings without corresponding revenue support.
Analysts will likely soon proclaim a downgrade.
AAL American Airlines Group Options Ahead of EarningsIf you haven`t sold ALL before the previous earnings:
Now analyzing the options chain and the chart patterns of AAL American Airlines Group prior to the earnings report this week,
I would consider purchasing the 10.50usd strike price Puts with
an expiration date of 2024-7-26,
for a premium of approximately $0.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
American Airlines (AAL) set to fly?Off the top of the 10AM scans this morning is a spike on NASDAQ:AAL with a good ATR Clearance of the bottom of the range.
Why I like this spike, at this position, is based on the Daily low from back in October where this spike also represents a rejection of the Volume Profile level from that low:
Good chance for a bottom pick!
American Airlines Downgrades Forecast and Loses CCOAmerican Airlines recently revised its financial forecast downward and announced that Chief Commercial Officer Vasu Raja will leave his position next month. This comes amid a challenging period for the airline, which has been underperforming compared to rivals Delta and United Airlines. The company now expects a sharper decline in unit revenues for Q2 and has lowered its earnings per share estimate to $1-$1.15. Raja’s departure follows recent strategic changes aimed at increasing direct bookings. Vice Chair Stephen Johnson will temporarily assume Raja’s duties. Following the news, American Airlines' stock fell over 8% in after-hours trading.
Key Points:
* Unit revenue expected to decline up to 6% in Q2 2024 (previously forecast at max 3% decline).
* Adjusted earnings per share for Q2 2024 lowered to $1.00-$1.15 (previously $1.15-$1.45).
* CCO Vasu Raja is to depart next month, following recent commercial strategy changes.
* Challenges include weaker international connectivity and pushback from corporate customers on new ticket distribution strategies.
* American Airlines stock dropped over 8% after the announcement.
Trading Idea:
* Short American Airlines (AAL) with a stop-loss at $16.41.
* Target prices (T.P.) for downside move: $10.89, $7.61, $4.06 (and further down to $2.89).
Looking bearish on CCL immediately for a swing!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
LUV and Attendants love the Settlement LONGLUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 %
into a bear flag and support followed by a narrow range consolidation and a volatility
squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks
and open seating. The NR7 indicator on watch was firing continuously. I am taking a long trade
here and now with adds at any dips found moving foward. It is hard to pass by an 18% sale.
This will be profitable and will subsidize travel on LUV.
JETS, a travel ETF rising summer travel season approaches LONGJETS on the reliable daily chart is in trend up since last fall which followed a trend down
during the spring and summer. Travel stocks are booming here and there including TCOM
(Trips.com) in China. The airlines have high volumes and are competing on price and perks.
So are the cruise lines. This ETF is a way to capture some profit from the trends. If has lower
risk but also lower reward than an individual stock JETS is upside range bound by the
second upper VWAP line above it. The predictive algorithm of Luxalgo forecasts a rise
to about 22 before that VWAP line rejects price into a reversal. I am shorts JETS while also
shorting NCLH and going long on AAL. I expect to profit and use funds for some more
frequent travel. The karma in the whole thing is that it is a closed circle. Watch travel
companies including booking agents, spent money traveling get insights and then deploy
capital to work those markets for profit returns to recycle the funds into more travel.
AAL - Preparing for Takeoff? ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
AAL has been trading inside a big range between 10.0 and 20.0 round number.
This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last major high highlighted in gray.
Meanwhile, until the buy is activated, AAL would be bearish and can still trade lower inside the support zone.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AAL has plummeted in 10 weeksAAL has plummeted in 10 weeks
This chart shows the weekly candle chart of American airline stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the stock of American Airlines has maintained a relatively weak and volatile consolidation pattern after completing a small level double top pattern in March and June 2021. The low point in October 2022 just stepped back on the 0.236 position of the bottom to top golden section in the figure, completing the shoulder position of the large level head to shoulder! The stock of American Airlines has plummeted in the past decade and is about to hit its October 2022 low again! So in the future, we can use the low point in October 2022 as the watershed to determine the strength of American airlines!
AAL updateNo changes to our previous expactations. We consider LONG as base scenario.
Additional justification for a long position can be provided by the statistics of seasonal fluctuations in stock prices over the last 10 years (see on the screen picture attached). While at the current moment the price is down by 5%/
AAL - airlines are beat upAirlines have been decimated especially when you factor in the price of oil climbing over the last few weeks.
Margins being squeezed each day!
Long term support is being tagged in a very oversold 8 week selloff.
This could be a good R/R set up on the long side for a quick technical bounce.
Preparing for Takeoff ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AAL has been overall bullish trading inside the flat rising wedge pattern and it is currently approaching the lower bound / red trendline.
Moreover, the zone 12.5 - 13.0 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As AAL approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AAL trade planPossible trade plan based on straddle detected. Idea valid almost up to October, 20.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with
an ascending neckline extension. An anchored VWAP is added. Price is currently in the
deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow
coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside
in the area of the mean VWAP. The second target is the confluence of the July 10 pivot ,
the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red
line) at the area 12.5. This is about 35% upside. I will take this swing long trade and
investigate a suitable call option as well.