Americanairlines
2X $AAL 1D Tech. Analysis!AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
AAL: Travel is Back!American Airlines
Short Term - We look to Buy at 13.78 (stop at 12.30)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 13.40. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 13.40 level.
Our profit targets will be 17.89 and 19.00
Resistance: 18.00 / 21.00 / 25.00
Support: 13.40 / 11.00 / 9.00
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AAL POSSIBLE SHORT OPPORTUNITYWe can see the price touch the horizontal resistance and 200 EMA. Stochastic oscillator shows overbought market conditions. Therefore, we are expecting the price to drop and make another lower low, however we recommend taking profit at 12,71 $ .
Invalidation above 19,60 $
American Airlines (NASDAQ: $AAL) Wicks Through Golden Pocket! 🎯American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fleet of 865 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1930 and is headquartered in Fort Worth, Texas.
AAL is bouncing off on support with a bullish setupMarket Instrument: AAL
Timeframe: D1
Analysis: Technical
Structure: Falling Wedge and Support
Prediction: Bullish
ALL has formed a nice falling wedge pattern on this correction period on the daily timeframe. The price is bouncing strongly on the picked / highlighted support formed. If the following bullish pressure remains strong enough we might see a nice bullish trend to the upside crossing above $20
American Airlines (NASDAQ: $AAL) Ready To Fly High In 2022 ✈️American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2020, it operated a mainline fleet of 855 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1930 and is headquartered in Fort Worth, Texas.
American Airlines Analysis 06.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
My AAL IdeaHello again,
You know I like to keep things simple
I just trade on Price Action.
Airline stocks are still risky but it's worth a shot here.
As you can see 19-20$ is holding as support.
For me that's a buying opportunity.
Below 18.30 I would cut it
I'm going for a HH here so $30-31 would be my target
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
AMERICAN AIRLINES ON RECOVERY - INTERESTING - ALL - DAILYThank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea
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ALL American Airline Group >
- A slow recovery
- A strong redline roof
- A potential triangular long entry zone
- Beating some strong selling powers ranging above those past levels
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.