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American

Risky Play For American AirlinesI think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play. Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r play, but for me it's too much of a risk. I would need more time to see trend start to develop for a position on american airlines, as we do sit under Resistance. Premarket is doing good, but I'm not looking at this from an intraday perspective. I say let it develop.
NASDAQ:AAL
by UnknownUnicorn2319099
10
Dollar analysisLast week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear trendline on the daily chart, and breaking above it is what we are waiting for. The most conservative traders can look for breakout and successful trendline retest before taking a trade. We have a good setup for a potential big rally, but patience is a must.
ICEUS:DX1!Long
by UnknownUnicorn1156963
Boeing too big to fail?Its interesting looking at Boeing and only reason doing TA is cause fractional shares exist, but someone asked me if its possible for it to go back to 230. Now this stock might not be the biggest gainer, but atm its on its own path towards airlines stocks with American and Spirit in fight who is gonna win, yet it is possible for both to survive and if American airlines falls I would go United and Spirit. Yet we aren't hear to talk about Airlines in general, but boeing does make the planes. News -Boeing Ceo painted a grim future short term for Boeing and also suggested an Airlines isn't doing so great and could fall (maybe American or Spirit?), yet Boeing went up the next day with positivity coming out after negative nancy -Boeing got permission to start building the next gen planes -Earnings coming up (yet is the negativity price in?) TA -From what you see is a fib retracement from 230 to about 165, which it did double bottom and it broke out of a downtrend recently, yet has been going sideways in the red zone. -If it does drop could see a decline around 5%-13% with worst case it going back to 145 with that being a 19% drop at current price. The 19% drop is a 38% drop from its high, which isn't alot for a crypto veteran, yet I think this company is too big to fail, so i suspect a 13% drop on worst case on earnings. -The bullish upside is a 9% gain going back to around that 200 dollar level -Looking at the MACD it looks bearish for tomorrow, yet again it is tighting with the vpvr around the price range we are at -RSI is neutral, but trends to oversold. Again looking for a morning drop looking around that 176-174 range if it can hold it as shown with the vpvr going from 174-169 Final thoughts I think this company to big to fail and will be interesting on how earnings will be with Boeing going back to production and getting a feeling that the government will back them up. Will i buy this stock? No cause I'm not looking for a 9% return on a trade and still think my NCLH postion is fine as CCL is struggling and RCL going alright (NCLH price target was raised from 12.50 to 19 today and it sits under that target as RCL got moved up, but its current price sits above it), yet I would maybe get in a small long postion on boeing with the upside looking good if the morning session pops.
NYSE:BA
by nathanielx9
Still We Have a Great Chance in AALWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. This is going to be a perfect sign for gains in AAL market. Look into the highlighted eclipse and good place for a long term buying opportunities. price has been locked at this point for AAL and where I see a great potential ahead after economical come back! Sketch up your own trade setup before you take off. Our Previous selling banked with 100+ Pips and Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
NASDAQ:AALLong
by Profitlio_Trading
Ascending triangle formation with recent rejection off of 55 MALooking at the daily time frame of AXP, I'm seeing an ascending triangle or possible wedge depending on whether you tightly follow the wicks. Recent rejection from the 55 MA and slowing volume could suggest it will continue sideways, having seen a lot of movement around the 0.236 Fib ratio it's entirely possible it hangs around here for the short term. Definitely worth keeping an eye on, if you're optimistic there could be value in going long.
NYSE:AXPLong
by Stealthybro