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AAL

AAL making higher lows finding support on gannfan AAL American Airline found a strong support on 8/1 gannfan line where it got a huge wick rejection and was building up strong momentum since then. This is a deep pullback and now aslong as it will break 200 and 50 sma and retest those, AAL will continue up to at least 15.23$ level and then after breaking that to 1.618 fib levels 17.8$ target and even further to 2.618 which is the 21.81$ target especially considering the short volume of 30%. The momentum also made high lows with a very small pullback on that momentum indicator so it is all about breaking that triangle formation now at around 13.38$ levels which lines up with the 200 50 sma
NASDAQ:AALLong
by UnknownUnicorn7005306
AAL - Ready For Take Off? A Huge week is coming up for the airline industry next week. As you can recall, the Stimulus Package passed back in March provided the airlines with $25 billion in aid as long as they didn't let go of any their employees for a certain period of time. That certain period of time expires September 30th. The airlines are asking Congress for additional aid and the clock is ticking. The airlines argue that unlike other traditional jobs, airline employees (pilots, crew, flight attendants, etc.) require extensive training. If you let go of these employees, you can't just hire new ones at the flick of a switch as pilots, flight attendants and mechanics all must be certified by the government and receive proper training. If additional aid is not given, the airlines are estimating on releasing the following: American Airlines - 19,000 workers United Airlines Holdings - 16,000 Delta Air Lines - will delay the effective date for a potential 220 pilot furloughs to Nov. 1 Southwest Airlines Co. have said they will avoid most forced cuts for now, after thousands of workers retired early or took leaves That being said, either aid is given or 35,000+ more citizens will be added to the unemployment sheet for the month. Personally, we don't see how aid is not given to avoid this grim scenario. This takes us to the TA part: TA: We've been accumulating AAL between $11.50-$14.00 since August if you check our previous AAL posts. We think the additional aid will be a huge move up for the stock. Theres several layers of resistance but wouldn't be surprised with this kind of news to see a shot straight to the 200ma at around $16.50 at the moment. Targets: 1. $16.45 area (where the 200MA will be) 2. $19.10 (top of our resistance line in pink) 3. $19.93 (fib retracement level) 4. $22.73 (previous high) Now, this a large pump, but very possible. As always, this is a risk. The government could very well delay the aid as it does not come to an agreement, employees are laid off, aid comes later, etc. This is 2020 and worse things have happened. We have our stop losses at $10.75 . Keeping a close watch on this one. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo
AAL technical analysis - big move coming in next few weeksAmerican Airlines is consolidating atm in a triangle and bounce back perfectly on gann fan 1/8th support line. Target for this breakout will be $17.87 target that lines up perfectly with 200 MA / 161,8% fib level and 1/4th gann fan level. On top of it all we have fundamentally speaking big news coming too that will be the catalyst for this breakout - AAL got a confirmation from Mark Meadows to receive the bailout money which will be announced in the upcoming few weeks. Risk to reward is very good too since you can put a stop just below the 1/8th gann support and the momentum on fast stochastics is making higher lower consistently too.
NASDAQ:AALLong
by UnknownUnicorn7005306
AAL - Airlines May Be Waking UpJust sticking to TA at the moment for this one as their are plenty of Fundamental reasons not to touch the airlines just yet. TA: AAL seems to have found support around that $10 area. We're looking at that 200ma in white to see if the stock gets stopped or if it rips through. Watching closely. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo