AAL
JETS flagging on new channelTechnical Analysis
On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside.
There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30.
I am using a stop under the 10sma to take partial profits.
Fundamental Analysis
The market is a forward looking mechanism, with the path of the recovery setting a potential comeback for Airlines for Spring; JETS is fundamentally undervalued right now.
AAL - Got Any More Of That Stimulus Yet?If you check back in with our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. The airlines are still patiently waiting for additional aid from Congress which will be a huge move up for the whole sector. While there has been support on both sides for further stimulus, there's still certain disagreements that have led to an elongated standstill forcing airlines to cut costs where it can (furloughing employees, cutting flight paths, leaving cities, etc.). Will still say this, more people are definitely flying now than the previous months. This past weekend alone, TSA said it screened more than 3 million travelers at US airports (1,047,934 on just Sunday), which made it the busiest travel day since the pandemic started. While this is good news, these are numbers are still 57% below 2019 levels, but it's a start.
TA:
At the moment $AAL is hitting resistance at 3 major levels for us: Our down trendline in purple since October 2018, The daily 200EMA, and .618 Fib level. A break in these levels would bullish and we would look for the new support resistance after this.
Updated Targets:
1. $17.20
2. $19.36
3. $22.00
Watching closely, and will come back with more updates.
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BULLISH!!As we can see it is going only in one way and that is up! We can hold till the end of December as a short or till Feb-March when i expect that there will be a vaccine. In addition, we know that if Pfizer comes out with the vaccine - AAL will be in a cooperation with them as a use of travel(that is something really good). Hope you appreciate my opinion. I would be grateful if you share your comments.
Targets:
17$
20$
23$
30$...
**REQUEST** $AAL $INO $DKNG $SRNE *QUICK TA*Thanks @smallcapper on Stocktwits for reaching out! Here ya go!