AMERICAN AIRLINES BREAK OUTAfter 14 days of laterality, where the price tried 4 times to break the barrier of $ 22.50, on Friday American Airlines (AAL) gave a sign of strength, breaking the resistance and closing the session at 23 , $ 37 per share.
The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines.
In the next week we will see if the stock manages to break the resistance trendline in the 23.68 area, if it does not, there could be a pullback on the 20 EMA or on the support trendline, which would represent a good buying opportunity.
The first price target for me is and remains $ 30 , which is the price that AAL had at the beginning of February 2020, before the collapse caused by COVID-19.
Lazy Bull
𝗥𝗘𝗔𝗗 𝗖𝗔𝗥𝗘𝗙𝗨𝗟𝗟𝗬 !!!
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AAL
American Airlines (AAL) to $30? 🚀🚀 4H ChartIf the economy do re-open as soon as planned, the giant of the airlines industry could see a bullish up trend.
- Breaking up ⬆️ a 167 days accumulation range.
- Cup chart pattern formation.
- Price over MA200, MA50 indicators lines.
- $30 was the price before the pandemic plunge.
AAL (NYSE) - Nice TargetGreetings
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AAL (NYSE) - Nice Target
AAL: It's flying today! How to proceed now?Hello traders and investors! It has been nearly 1 month since my last analysis about it, let’s see if AAL behaved the way it should.
First, in the 1h chart, AAL respected the key point we mentioned in my last analysis, the black line at $ 16.47 with an astonishing precision, and it hit it multiple times, without losing it. This point was a previous resistance, and it worked as a support, as we thought it would, thanks to the Principle of Polarity . And if you missed my last analysis, the link to it is below, as usual.
It triggered several pivot points , the last one at $ 18.82, and we have a little gap at the yellow area. If it gets filled this week, it could be an Exhaustion Gap , and this could create another congestion on AAL.
Right now, it is a little to buy it, as the optimal buy point was near the $ 16.47, and we are quite close to the target I mentioned last month, but since it is engaged in a bull trend, pullbacks to the 21 ema could offer some nice opportunities to buy too.
Now, let’s see the daily chart:
In the daily chart, AAL is heading to the target we mentioned in my last analysis, the $ 22.80, which is one of the previous resistances, and nothing unusual is happening here.
The volume decreased during last month’s accumulation, which is a typical trait of just an accumulation before the explosion, and the 21 ema is pointing up, evidencing the bull trend and working as a support level in the future. What’s more, the volume increased in the last 2 days, and today is finally above the 21 moving average I like to put in the volume as well.
These are good signs but be prepared for pullbacks, but they could offer an opportunity for the late buyers. Any pullback to the 21 ema in the daily cart as well could be a nice opportunity if you missed the entry point on AAL. And remember to follow me to keep in touch with my daily analyses on stocks and indices. And please, support this idea if you liked it!
Thank you very much.
UAL - Bullish Inverse head and shoulders patternUAL - United airlines has a bullish Inverse head and shoulders pattern on daily chart. Options flow - Over 27,000 June $50 calls traded friday. 6000 $45 April calls traded vs 8 in open interest. More flights starting as more vaccines get to people , you could call this a "re-opening" trade. I own march calls in JETS etf. Cheers!
Ready to fly..?Potential gain: 60/+100%
Reward/Risk:7-14
Timeframe: 3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
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American Airlines - $28 TargetIt's been an absolutely wild week for everyone in the finance game this week. Let's see how the volatility continues. We're checking back in with our $AAL charts.
Looking back to our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. We took a swing position and exited this one around $18.00 stop-loss. We hopped back in at the $15-$16 range and began building our position there once $AAL broke out of that downtrend pennant and retested for support. The majority of all the trading volume here has been under the $17 range. If this gains momentum, we could see a rise to the $28 levels sooner than expected along with some shorts getting squeeze on this stock as well. Keeping a close watch on this one.
Updated Targets:
1. $22.75
2. $28.84
3. $34.81
Watching closely, and will come back with more updates.
Give us a follow and shoot us a Like for more analysis updates. Cheers!
Disclaimer:
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AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here.
The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity.
Now, let’s see the daily chart:
Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again.
This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful.
Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates!
Thank you very much!
$LI | Bullish Inverse Head and Shoulders: Trend Continuation Following a bullish head and shoulders breakout and retest I expect LI to continue its push to the upside. Watch for a breakout.
Targets on chart. Good luck!
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