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AAL

Trading Plan on AAL | What we are expecting Today, we will take a look at American Airlines Group from a technical perspective. The main aspect we can observe is the weekly trendline working as dynamic support since 2008. We can consider it a major level from where we have observed lasting bullish impulses in the past. Alright, if that's our support level to start thinking in bullish opportunities, we need to make sure that minor levels have also been broken. In this case, we have a descending trendline that started in 2018. The price broke it in March this year. After the breakout, the price has been consolidating on a range from March 2021 until the current date. The trading plan here is about waiting for the breakout of the current structure (yellow lines). IF that happens, we will be waiting for a small correction on the daily chart, and we will execute orders on the new local high. Targets: On the weekly chart, we can see a major resistance zone around 56. However, we are not using that target because we may get stuck in long corrections. That's why we will use a minor resistance zone at 44.00 R/R ratio = 4. Risk on the stop loss = 3% Expected duration: 200 days The main idea of defining a situation in advance is that we already know how to trade IF we observe these conditions; otherwise, we will not be trading (you have more than 1000 charts to keep looking for premium opportunities) Thanks for reading! Feel free to add your charts and ideas, on the comment's box
NASDAQ:AAL
by ThinkingAntsOk
1
$UPWK $AAL $MU $UBER I OptionsSwing WatchlistUPWK 1W I UPWK massive ascending triangle on the weekly chart. After reporting earnings it came down to test our trend and this seems like a great entry to go long. MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently breaking out from the bull flag we highlighted last week. AAL 4H I AAL is showing us another entry to go long here. Setting a stop below $19.50. Looks like $20 will hold and it would be great to start seeing higher lows. UBER 2H I UBER retested the breakout from the bullflag and it is now making a double bottom near $43. We have resistance near $46 and $48, and support near $44.
NASDAQ:MULong
by optionsswing
Airlines landing once again!On November 1st, 2021 I published an analysis for major Airlines, they experienced a +10% gain and start landing again! And then I perfectly call the resistance: they could become a long opportunity near their support lines! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:AALShort
by Moshkelgosha
7
$T $AAL $MU $UBER I OptionsSwing WatchlistT 1D I T spent millions lobbying to get the infrastructure bill passed. It's network expansion plans will benefit from govt. subsidies. There is a bullish div on the RSI. AAL 2H I AAL ended up breaking from our bull flag last week and made a 15%+ move from our entry, after finding support near $19. Expecting resistance on AAL near $22. MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently testing the top of its bull flag. The stock average price target is $96. UBER 2H I BUBER bounced right on our trend. After reporting earnings UBER ended up breaking out from the bull flag and making a 12%+ move from our entry.
NASDAQ:MULong
by optionsswing
1
Airlines have just find their supports!Most airlines' stocks reacted to their support level and some of them have just broken above the downward trend line..! It seems Delta and United could perform better than others if there is a relief rally..! A relief rally is a respite from a broader market sell-off that results in temporarily higher securities prices. Relief rallies often occur when anticipated negative news winds up being positive or less severe than expected. (Investopedia) Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:DALLong
by Moshkelgosha
6
$CRWD $AAL $AFRM $UBER I OptionsSwing WatchlistCRWD 4H I CRWD has been consolidating between $280-$290 after a big run from $240s. Watching for a breakout above ATH as we have uoa betting on a breakout above. AAL 2H I Down nearly 15% from recent highs, we are seeing AAL trading within a bull flag pattern. We also have a bullish divergence forming on the RS on the 2H time frame. AFRM 2H I Watching AFRM for a break above ATH. Even though we have a bearish divergence on the RSI, our ALGO picked up bullish activity on AFRM for 11/05. UBER 2H I Down 10% from recent highs, we now have UBER trading within a bull flag. Watching for a bounce near $42 or a breakout from the bull flag pattern.
NYSE:UBERLong
by optionsswing
Post 10/21Q3 FY21' Earnings Analysis$AAL, $LUV, $BCS, $BX, $CMG, $INTC, $SAP, $SNAP, $T, $VLO $AAL - American Airlines - posted better-than-expected revenue numbers, although down (25%) from Q3 of 2019 - shares were up +1.3% at the ended of the day, with this being their smallest quarterly loss since the pandemic $BX - Blackstone - earnings nearly doubled YoY - reported an ATH of distributable earnings, success that’s largely driven by their focus on investing in high-growth areas of the economy $T - AT&T - fell slightly after posting big subscriber gains -investors questioning the impact of promotions on the company’s future growth $CMG - Chipotle Mexican Grill - reported better-than-expected EPS and revenue numbers - including a sales jump of 22% citing higher menu prices as a reason for the offset of rising costs $SNAP - Snapchat - Snap fell (22%) after Q3 revenue missed estimates - thanks to its advertising business being disrupted by Apple privacy changes introduced earlier this year
SP:SPX
by jnallain1
American Airlines looking for new highs. AALIt's a hard call, but looks bullish given our analysis. We have been in a descending channel truly long enough, and there appears to be a change in momentum and fractality of the price action on this one. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:AALLong
by Rykin_Capital
Will the Airlines finally take off??GREETINGS! I've made several posts on Rolls Royce and Raytheon the past few months. Ultimately, we remain bullish for another leg up, but the back-and-forth price action has been exhausting. Why are we bullish? Well, my strategies involve a simplistic basis of eliot wave theory which shows airlines and major indices have another leg, but I also consider other non-voodoo indicators. For example, Look at the put/call ratio or general market sentiment... EVERYONE IS BEARISH . The contrarian should be salivating. I'm here to provide an update on the RTX play. The primary count is still active, although price targets have changed slightly from the previous post (see related ideas below to see the DD). Here I think we are compressing into a triangle wave 4 of C, resulting in a delayed takeoff. I have the 1.272 extension at $95, but we could go to the 1.618 near $105 which would also result in a sharp peak out of the channel, which we often look for for blow-off tops. Triangles can be annoying to trade, depending on your time commitment available for your capital to be tied-up. This is because intermediate waves often consist of fakeouts! In this case, I think it's time to accumulate! I will be purchasing RYCEY and RTX (at these prices) as my primary exposure to the airline sector. Good luck!
NYSE:RTXLong
by warrenbudget
2
AAL False Breakout of September ChannelAs AAL is stuck in a decending Triangle it looked hopeful on Thursday for a breakout. Unfortuntly the market did not agree forcing it lower for the month. AAL will now open in the middle of the September channel. Depending on market open reaction I expect it to test the restances at 19.66 19.83 - or - test the support at 18.94. There should be a Reversal play either way. The big support can be found on the monthly at 18.27 Alerts Ultimatly I am looking to short to complete the daily triangle soon.
NASDAQ:AALShort
by Bubu_
1