AAL
American Airlines preparing for takeoffBuckle your seat belts ladies and gentlemen...support forming at touch-point 5 along the up-sloping trendline. Primary target at $45 interest. This projection coincides with new airline markets opening, cancellation of first class seats in new ordered planes, and projection of oil rising over the next years--especially leading into elections.
Is America Airlines about to take off?
With a 20% higher than expected earnings today and also raising future expectations...is American Airlines NASDAQ:AAL about to "take off" ? ✈️✈️✈️
EARNINGS RELEASED: Exp 1.59 / Rep 1.92 (20.6% higher than expected)
- Breaking diagonal resistance line
- Price peaking above the 200 week SMA
- Nice to see 200 week SMA slope up now (TBC)
- Ideally OBV to make a new higher high (TBC)
Pre-market coming in lower. Pull back to $17 before continuation would not surprise me. I would enter having established support on the 200 week SMA. I would be waiting here. An eventual rise to over head resistance possible.
LUV is loving the summer vacation travel LONGLUV has been in a persistent trend up for a couple of months after lackluster earnings were
reported in early May with another due on July 27th. The airports have been quite busy
with vacation travel and Southwest has been part of that action. On the 1H chart, price has
been supported by the line two standard deviations above the mean anchored VWAP which
shows persistent relative strength in a rise of over 25% over two months. Price above the
POC line of the volume profile is another sign of buyer dominance. The MACD indicator show
the lines in parallel and above a positive histogram. The relative volatility indicator shows
sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $40 expiring on July 28th. On the last trading day, this contract had
a low of $ 0.36 and a high of $0.48 for a range of 33% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $480 for ten contracts
and the profit expectation is 100% over the next 15 trading days.
UAL United Airlines Pre Earnings LONGUAL has been in a persistent trend up for a couple of months after great earnings were reported
in early May with another due on July 19th. The airports have been quite busy with vacation
travel and UAL has been part of that action. On the 1H chart, price has been supported by
the mean VWAP and has oscillated to the one standard deviation line above that. I see a target
as 56.80 where the the second deviation lines above the mean aVWAP while placing a stop loss
just under the blue line of one STD above VWAP. The price is below the POC line of the volume
profile which should act as a magnet pulling the price higher. The MACD indicator shows 4
the lines in parallel and above the zero horizontal line with a positive histogram. The relative
volatility indicator shows sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $57 expiring on July 21st. On the last trading day, this contract had
a low of $ 0.95 and a high of $1.32 for a range of 35% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $1320 for ten contracts
and the profit expectation is 100% over the next 10 trading days.
Delta Airlines DAL Pre-Earnings PlayDAL has been ascending for two months now and has upcoming earnings. As can be seen
on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st.
Price crossed over the POC line of the volume profile on June 26th. This is the level where
the most trading volume in the time range occurred. Above that line, buyers and their buying
pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram
going from negative to zero. I will take a long trade considering the earnings report anticipated
for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50
expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high
of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of
100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the
profit expectation.
America Airlines (AAL) Starts New Impulse HigherShort term view in AAL (America Airlines) suggests the rally from 5.24.2023 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 16.78 and dips in wave ((ii)) ended at 15.92. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 16, wave (b) ended at 16.39, and wave (c) lower 15.92. This completed wave ((ii)) in higher degree.
The stock has turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16.32 and dips in wave (ii) ended at 16.11. The stock resumes higher again in wave (iii). Up from wave (ii), wave i ended at 16.49 and pullback in wave ii ended at 16.27. The stock resumes higher in wave iii towards 17.48 and dips in wave iv ended at 17.12. The stock extends higher in wave v towards 17.98. This completed wave (iii) in higher degree. Pullback in wave (iv) ended at 17.51. Up from wave (iv), wave i ended at 17.94 and pullback in wave ii ended at 17.67. Near term, as far as pivot at 15.92 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
American Airlines to find support at previuos resistance?American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 / 15.70 / 15.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BILI*4+AAL*3+SNAP*3+ATVI*2+JCI -All my Trades in one chartThis is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in mind we aren't even in Stage 1 of the profit run. Each line represents where Volume and Price meet in the middle on every timeframe. When they are tight together it means all time frames between vol and price see eye to eye which isnt the easiest task. But this move is the setup for when Institutional lets retail take price to a profit target. I will post an image without the lines. But its important to see the relationship between these two things and across all the time frames where pockets of retail traders are waiting for their signals to be triggered. You can see their interest in these lines...Price will find support once it breaks free of the ribbon. At that point it is in stage 1 of the profit run.
by iCantw84it
06.13.23
AAL - Like An Eagle 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on MONTHLY: Left Chart
After rejecting the 26.0 resistance zone, AAL has been overall bearish.
However, AAL is now sitting around a strong support zone and round number 10.0
on WEEKLY: Right Chart
For the bulls to take over, we need a break above the last major high in gray.
Meanwhile, until the buy is activated, AAL can still trade lower inside the 10 - 12 support zone where we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
American Airlines in an inverted head and shoulders.American Airlines - 30d expiry - We look to Buy at 13.54 (stop at 12.94)
A bullish reverse Head and Shoulders is forming.
13.36 has been pivotal.
Expect trading to remain mixed and volatile.
Bespoke support is located at 13.50.
We look to buy dips.
Our profit targets will be 15.04 and 15.34
Resistance: 14.30 / 14.76 / 15.00
Support: 14.00 / 13.87 / 13.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AAL BACK ON WEEKLY SUPPORTFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
American Airlines Group: The Best Stock to Buy Right Now?The pandemic hit the airline industry hard, with many companies filing for bankruptcy or struggling to stay afloat. However, one company that has managed to weather the storm is American Airlines. Despite facing unprecedented challenges, American Airlines (NASDAQ: AAL) has survived and emerged stronger than ever before. So if you’re looking for a smart investment opportunity in these uncertain times, read on to discover why investing in American Airlines could pay off big time!
A new and strong weekly demand imbalance trading at $12.85 per share took control last week, in April 2023. The strength of the impulse is important. This is a long-term investment opportunity for American Airlines (NASDAQ: AAL) stock.
AAL LONG American AirlinesAAL is shown here on a one hour chart with anchored VWAP bands shown.
The anchoring is set for the beginning of the year. Based on the price action
drawn in are support and resistance zones. When price is one or more standard
deviations below the mean VWAP, the stock is undervalued and institutional buyers will
set buy orders. ( Short sellers will close there position to provide shares to
the buyers and take their profit off the table
(When the price is one or more standard deviations above the mean
VWAP, the stock is overvalued. Institutional sellers will sell their shares ( either
shares at a profit or short sell )
At present price, action has retreated to the upper part of the support zone.
AAL is getting to a buying point.
The relative volume indicator shows huge increases in volume compared with the
rolling average volume of the past 50 days. Essentially current volume is 10X
that average meaning there is extreme interest in this stock and great liquidity.
Fundamentally, AAL has had two prior quarters of earnings reports and the upcoming
earnings could be fueling volatility and potential price surge.
I see this as reversal setup for great entry for a 45-60 DTE call option at or in the money or a
long swing trade targetting just below the resistance zone or one standard deviation
above the VWAP.
AAL3.14.23 I decided to post American Airlines because I think it could open and have A two-bar reversal for a long trade. This will be the first of two or three videos because I'd like to show similar reversal patterns in oil potentially,the ES which is already had a reversal pattern, and I will show that to you as well. I am going to make these videos Shorter today... so if I didn't make too many mistakes I won't have to do it over again... so there should be at least one and maybe two more videos showing you reversals for today.
American Airlines showing strong upside to R18.19 W Formation formed earlier with AAL
The price broke up and out of the neckline and then the price came back down to test the levels.
We then recently had a Falling Flag form which is coming to the end.
We now need the price to break up and out of the flag formation.
Once this happens, the momentum will be well on the way up.
7=21
Price>200
RSI>50
Target $18.19
Decaying IV and stagnant marketsThe airlines have been pretty quiet lately with the year being primarily sideways trending and relatively unchanged.
Although earnings have been well the IV has remained low all year long. With potential to the upside remaining plausible there is not currently a push of buyers entering new positions.
Remaining neutral with a slight negative bias for the next few weeks based on current market conditions
American Airlines (AAL) Elliott Wave View Favoring the UpsideCycle from 10.3.2022 low in American Airlines (AAL) is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave ((i)) ended at 15.18 and dips in wave ((ii)) ended at 12.23. The stock resumes higher in wave ((iii)) towards 17.64 and pullback in wave ((iv)) ended at 15.73. Internal subdivision of wave ((iv)) unfolded as a zigzag structure as the 45 minutes chart below shows. Down from wave ((iii)), wave (a) ended at 16.01, bounce in wave (b) ended at 16.74, and wave (c) lower ended at 15.73 which completed wave ((iv)).
Wave ((v)) is currently in progress but the stock still needs to break above wave ((iii)) at 17.64 to rule out a double correction. Up from wave ((iv)), wave (i) ended at 16.81 and dips in wave (ii) ended at 15.91. Stock then resumes higher in wave (iii). Up from wave (ii), wave i ended at 16.45, and dips in wave ii ended at 15.92. Stock resumes higher in wave iii towards 17.32, and pullback in wave iv ended at 16.79. Final leg higher wave v is ongoing to end wave (iii) before a pullback in wave (iv) and higher again. Near term, as far as pivot at 15.73 low stays intact, expect the stock to resume higher again.