🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)
Next add is at - 17.82
After that there isn’t that much support so FIB makes next add after that 15.60
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAL
AAL FOR 19TH JULYAAL has finally broken below $20.00. I have been waiting to add to my current position (which entered at around $19.70 last week) for four weeks already. Patience does matter for blue-chip stocks such as this one. And adding gradually instead of all-in at once is also true. Will be looking to add more shares at 19.20ish and then at 18.62. The optimal entry point is around the $17 mark but at this point nothing is for sure.
I am posting ideas for our discord's trading group's weekly report, hence one ticker will be written every Sunday. You are welcome to follow us at STONKS UP CAPITAL (6000 MEMBERS ALREADY)
RTX - A PROXY FOR AIRLINES/AIRLINE INDUSTRY (RYCEY, AAL, BA)Airlines have had quite the run up since the low. Warren Buffet is way past his prime.
BUT WTF IS THIS PRICE ACTION!?
I've done a fair amount of "research" into the numbers here and here's my best attempt to make sense of it.
We all know the COVID correction was the E wave of a triangle. That was obvious. You see it on every major index.
Triangles happen in wave 4's... so now wtf is this "impulse??"
The 3-3-3-3-3 wave structure points towards some type of diagonal for the bullish count.
This sort of chop is going to wash people out if you don't have a game plan.
Here's mine.
It's always critical to pay attention to RSI or some other momentum indicator to spot corrections.
We know RSI rarely exceeds ~70 in corrections and rarely goes lower than ~30 in uptrends. We will use this rule to define most of the PA.
We define the primary channel shown in bold.
and subchannels for each subwave in lighter color.
Annotations shown on chart.
We see waves A and B of 3 clearly.
When you get into the subdivision of C, that's where you have to pay attention to detail.
Two conflicting things are shown.
By EW rules you have another leg up. This also makes sense from the geometry of an expanding diagonal - you want to put in that awkward third wave.
This would align with a channel break which is typical.
However, if you look at the 4 hr RSI, you are already getting a reaction at 70. For this reason, I am not swing trading this last "potential wave up."
I am waiting for a retrace of wave 4... might take a few months.
However, I am still holding my long-term RYCEY as it is possible that stock pops during this last leg up.
You usually see w4 marked by the channel bottom, and w5 must be larger than w3.
For this structure, that would lead to a >50% gain.
Here is my Boeing BA chart as reference which shows a very similar sort of relationship in movement, albeit coiling down triangle rather than impulse.
RYCEY
As requested, my thoughts about AAL! 👍As @Bullishifter requested, I’ll analyze AAL today.
We have a consolidation in the 30min, but the pivot at 21.64 is a good breakpoint to watch next week. If it breaks it, the 22.88 is the next stop.
The 22.88 is the 38.2% retracement, and it’ll go there, at least, if it triggers the pivot.
On the other hand, we must lose the 20.90, as this might make it drop to the 19.60s. I don’t think it’ll, tho, because the RSI was very oversold, and we have some bullish divergences. Let’s pay attention to these points next week!
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See you soon,
Melissa.
AAL buy strategy WEEKLY UPDATEThis is a long term buy and hold strategy. The price action of AAL has been consolidating exactly as we suspected before, with an optimal entry price of $21.50 with long term target of $25.85 and beyond. If the price falls to break below $21.97 for another week then move your entry to $22 and hold beyond $26. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at the same time.
American Airlines not soaring. AALHere looking at AAL dropping further down. The goals set out are conservative enough to work even if this is not the end of the whole impulse. Wave 4 or a more general ABC pattern is our view on the situation here.
Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically faire better at blindly longing SnP500 incase of the latter). Playing on the market whether you are an investor or a trader is risky. No good thing is ever without. Good luck out there.
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
If you like the idea, subscribe and like it.
Good luck and big profits.
NEW POSITION. $AAL Target 26.07 for 13.45% $AAL Target 26.07 for 13.45%
Or double at 19.89
This one is an easy trade always... a little low%... wish there was a divy here... haha 😂 Just typing out load...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 daysTARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 days
I didn't get to publish this one the day it sold because I had published too many charts that day 🤣 So here it is now a little late... I'm not even going to mark it short because it's too far away from that top now...
AAL Week of 6-7 Perfect bounce off of the $24.24 support line, still maintaining its current uptrend. I’ll be looking for a push upward towards $26. So far it has failed to break over the $26 level 3 times in the last few months. If it can find a way over $26, the next resistance is $27.
If it were to break under $24.24, the next supportive areas would be $23.73, then around $22.65
AMERICAN AIRLINES - 20% Higher Since our postYou don't like stocks?
Well, your bad.. AMERICAN AIRLINES is up over 20% since our post towards the end of April.
With Indices, Oil, Gold and Silver offering us an incredible opportunity (dip) to buy because of covid, American Airlines is still one of the last 'hidden gem opportunities' of the Coronavirus volatility.
Expectations? To hold for later and higher. First to 30$ and then higher.
the FXPROFESSOR
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00