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BEAR TREND SINCE MARCH 2018 COMING TO A CLOSEAirline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and enjoy the ride. Other sectors like utilities & cruise lines all have the same charts and patterns as they are moving in sequence. Make sure to choose the better companies of each sector. I do not hold a position in AAL. My largest holdings at the moment are BA, PCG, and TLRY. - GL
NASDAQ:AALLong
by MarketMotion
2
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. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo
1
The 5 Biggest Trading MistakesSo let’s talk about the five biggest trading mistakes that cause traders to lose money. And one of them is the account killer that I’m saving for last. When you are trading, you need to have a trading strategy. You already know this, this is nothing new. The 3 Key Elements To Every Trading Strategy There are three key elements to every single trading strategy. What to trade First of all, a trading strategy tells you what to trade, right? I mean, what stock or what options should you trade? What expiration? What strike price? So this is very important. And as you know, I’m using my software PowerX Optimizer to find the best stocks and options to trade. When to enter Number two, a trading strategy, whatever trading strategy it is, has to tell you exactly when to enter. When exactly should you buy or sell an instrument? Whether it is a stock or an option, it doesn’t really matter. When to exit Now, element number three is when to exit. Super important here and when we talk about exiting, there’s two ways to exit, right? So we can either exit with a profit and if this happens, then yay, this is good, right? Or losses are part of our business as a trader. So sometimes we have to exit with a loss. And of course, nobody likes it, but it’s part of trading. So the key here is that you have to keep your losses small, right? Anyhow, this is just a brief recap. These are the three major elements that every good trading strategy needs. So let’s talk about the five biggest trading mistakes, especially considering that these are the things. Trading Mistake #5 Trading mistake number five is trading the wrong stock or option. What do I mean by this? Trading the wrong stock or option means that you picked a stock and it is just diddling around while everything is taking off, right? It happens. And this is where often I see that many traders are picking stocks based on news, right? They hear, for example, “Tesla is making new all time highs.” “Amazon is making new all time highs.” Netflix, or Nio, the Tesla of China, right? And then they’re jumping in and realize, “Oh, this is not going anywhere,” or it is going down. So trading mistake number five, trading the wrong stock or option. Trading Mistake #4 The next trading mistake is entering too early. Has this ever happened to you that you were kind of right about the stock, but you entered way too early? Let me give you a very specific example. Because right now, as we are still in this pandemic, the airlines have been one of the industries hit the hardest. So you might say at this point, “Yeah, you know what? This is a good point to enter because airlines will go up again. People will travel again.” Right? And so you might enter there or you might actually say, “Oh, this didn’t work. Let’s enter here as there at $10.” Then they do in fact move up and you think, “Yay, I timed right.” But then it’s again coming down. Has this ever happened to you that you entered a trade way too early before you should have happened it? Now, especially if you are a PowerX Optimizer user, you know that with PowerX Optimizer and the PowerX Strategy you need to wait until it goes above a certain level. Has it ever happened to you that you jumped into a trade before it actually went to the level? Probably, yes. Trading Mistake #3 Let’s talk about trading mistake number three, and this is entering too late. Let’s use Netflix for example. When do most people enter Netflix? Traders like you and I, we are way smarter, right? But many are entering it when it says, oh, it’s going through a key level, like $500. And they say, “Oh, my gosh. Netflix is going above $500. I need to buy it right now.” And what happens after it went through a key level? It comes down again. Also, often when stocks make a new all time high, this is when many traders are getting interested in this. Might not happen to you, but, hey, based on what I see of why people are losing money, is because they’re entering too late after a move has already taken place. Trading Mistake #2 Let’s talk about trading mistake number two. And again, all of this is connected to your trading strategy, because when you have a trading strategy, you have just these three major elements here. So another trading mistake is taking profits too early. Has this ever happened to you that you got out of a trade too early? That you saw some profits and you were so excited, “Oh, my gosh, it was moving up.” And you took the money off the table and realized, “Oh, my gosh, I did it way too early!” and the stock just keeps going higher and higher and you would have made so much more money if you had stayed in. Let me just ask you, do any of these four trading mistakes resonate with you thus far? Just let me know in the comments if you made any of these four trading mistakes and then I’m going to tell you the number one mistake. The Trading Account Killer This here, this mistake is the trading account killer. What is it? What is the number one trading mistake that kills accounts? It’s not getting out of losing trades. Here’s the deal. This is why it is so important. You’ve got to know that this is what will kill your account. Can the other mistakes kill your account? Let’s talk about the other trading mistakes. Trading the wrong stock What happens when you’re trading the wrong stock? This could be a technical error. For example, I wanted to enter AAL and I accidentally typed in ALL. So it could be technical, or you just made a wrong choice, you traded the wrong stock. But that is not killing your account. When you realize you made a technical mistake, you get out of this as quickly as possible. Entering too early Now entering too early. Does this kill your account? No. All that happens is that you’re missing out on some of the profits because you’re getting into a stock that is not yet moving. I like to trade according to the PowerX Strategy. I want to wait until I see that the stock made a move and then I’m jumping in while the move gets momentum. So this is why the PowerX strategy is called momentum trading. But anyhow, does this entering too early kill an account? No, it does not. Entering too late Now entering too late. This is a problem because this is where if you are entering close to the top, you might enter right before a stock turns around. Now, here’s the good news. As you know, when we’re talking about a trading strategy here, when to exit, I like to work with profit targets. So I know exactly when I’m taking profits before I even enter a trade. And in order to keep my losses small I work with stop losses. And a stop loss, I set at 2% of my account. So I never risk more than 2% of my account on any given trade. This means that if I have a $10,000 account, I would risk $200. If I had a $20,000 account, I would risk $400, making sense? OK. So as you can see, if you are entering too late and you see, “Oh my gosh, the stock turns around,” you just get out of here. Taking profits too early Now taking profits too early, can this shred your account into pieces? No, because keep this in mind, nobody ever got broke taking profits. Why is not getting out of losing trades the #1 trading mistake? Think about it. Has this ever happened to you? It happened to me in the beginning of my trading career. In the beginning of my trading career I was trading bonds and I was bullish on bonds. I was convinced that they were just going up forever. And they didn’t, they came back and I just had an opinion. I just thought, you know what? No, these bonds will keep going up. Have you ever had a stock like this where you entered, and after you entered, it approaches your stop loss, but as it approaches your stop loss, you take the stop loss out of the market and then it keeps going down. And the $200 loss turns into a $300, $400 loss, and then into a $1,000 loss, then a $2,000 loss. So what should have been a stop loss turns into a larger loss. This is what I’ve seen over and over that is killing accounts. Accounts are not getting killed because you’re trading the wrong stock or because you’re entering too early or too late. Accounts are not getting shredded into pieces because you are taking profits too early. But if you hold onto a losing trade for too long, this is the number one account killer. That is for sure, so keep this in mind. Trading mistakes will happen There are trading mistakes that will happen. These are the big five. Of course, there’s more trading mistakes. You could, for example, go long when you intended to go short, or accidentally buy 1,000 shares when you only wanted to buy 100 shares. It’s also possible to accidentally buy 10 options when you only wanted to buy one. Keep this in mind, this will help you, when you make a mistake, liquidate. What does this mean? As soon as you realize that you made a mistake don’t hope that the market turns around, don’t hope that it gets better. Get out of this. Even if you get out of this with a small loss, right? This is how your account stays alive. And yes, losses are part of our business. As a trader, you will experience losses. The key is really here to keep your losses small. Recently traders have experienced more losses than usual because the markets have just been whipsawing, they’ve been going around. And one of the biggest mistakes that you could make is saying, “I don’t want to exit the trade because I don’t want to have another losing trade.” Trust me on this one, if you don’t take a loss when it is small, you will have to take a loss when it is bigger. Yes, of course, every now and then you might get lucky and the stock turns around. But let me ask you, when you held onto a losing trade for too long, did it turn into a winning trade? Sometimes it does, more often than this, it does not. Summary So these are the five mistakes. And the number one thing that I want you to take from this is: Get out of a losing trade when you see that your stop loss is hit. Have a stop loss, keep your losses small, and cut your losses short. This way you stay alive and then can benefit from the large move that will happen in the market. I hope that you enjoyed this article. If you did, do me a favor and leave a comment below or share it with anyone who might need to hear this, who might have experienced a larger loss.
NYSE:AAEducation
by rockwelltrading
20
Weekly opportunity American Airlines Uptrend American Airlines tried to recover above the mark of 13.00 on Wednesday (October 7) after a revival of hopes over a potential aid for the airlines despite the recent decision by US President Donald Trump to halt stimulus talks with the Democrats. After his call to end the stimulus talks with the Democrats, President Trump urged Congress to extend $25 billion assistance to US passenger airlines, including American Airlines. According to Reuters, House Speaker Pelosi spoke with Treasury Secretary Steven Mnuchin by phone on Wednesday evening (October 7) about a potential standalone bill for $25 billion in aid to airlines that Democrats tried to advance last week. Mnuchin, who had been Pelosi’s negotiating partner as they tried to reach a comprehensive package in recent days agreed to talk again on Thursday (October 8), the spokesman, Drew Hammill said. According to CNBC, last week American Airlines, United Airlines, and other U.S. carriers began furloughing more than 32,000 workers. Airlines that started furloughing their workers said they would reverse course if more aid was approved.
NASDAQ:AALLong
by walidmektoubi
AAL Wedge NASDAQ:AAL and other airline stocks may see a boost this week with talks of relief for the companies. My target for AAL is 15.60 for the day leading up to earnings. I believe that stimulus could quickly take shares up and shift the downward momentum that airlines have faced over the past three months. Furthermore the wedge that is forming is supported with a few bullish catalysts, MACD cross, 50 SMA approaching the 100 SMA for an upward cross, and a strong increase in volume on a move to a higher high.
NASDAQ:AALLong
by crawfordpaul
AAL - American Airlines Sell SetupAAL is forming an inverse head and shoulders pattern around support in green. The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward. we also have a trendline in red and divergence adding more confluence to our setup. our trigger would be after a momentum candle close above the neckline. Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward. and the stop loss would go just below the right shoulders. we always target double our stop loss. Good Luck!
NASDAQ:AALLong
by TheSignalyst
AAL Long TermWith airline traffic picking up after 3 months of quarantine, Airlines are starting to work up to its ATH. AAL was at $30.16 before the pandemic hit in early march. In 2018 ATH was around $59.00. Airlines have been getting loans from the Government. AAL has secured 5.5 billion in loans and is looking to secure more by the end of September. In my opinion LUV, DAL, and SAVE are better airlines to invest in or JETS (airline ETF, all airlines), keeping in mind AAL could possibly file for bankruptcy. Shares for your long term portfolio or ITM Calls for 2021 or 2022 could be good for AAL or either of these stocks I mentioned. credit: Danny Devan
NASDAQ:AALLong
by jUiCE_Trades
AAL making higher lows finding support on gannfan AAL American Airline found a strong support on 8/1 gannfan line where it got a huge wick rejection and was building up strong momentum since then. This is a deep pullback and now aslong as it will break 200 and 50 sma and retest those, AAL will continue up to at least 15.23$ level and then after breaking that to 1.618 fib levels 17.8$ target and even further to 2.618 which is the 21.81$ target especially considering the short volume of 30%. The momentum also made high lows with a very small pullback on that momentum indicator so it is all about breaking that triangle formation now at around 13.38$ levels which lines up with the 200 50 sma
NASDAQ:AALLong
by UnknownUnicorn7005306
AAL - Ready For Take Off? A Huge week is coming up for the airline industry next week. As you can recall, the Stimulus Package passed back in March provided the airlines with $25 billion in aid as long as they didn't let go of any their employees for a certain period of time. That certain period of time expires September 30th. The airlines are asking Congress for additional aid and the clock is ticking. The airlines argue that unlike other traditional jobs, airline employees (pilots, crew, flight attendants, etc.) require extensive training. If you let go of these employees, you can't just hire new ones at the flick of a switch as pilots, flight attendants and mechanics all must be certified by the government and receive proper training. If additional aid is not given, the airlines are estimating on releasing the following: American Airlines - 19,000 workers United Airlines Holdings - 16,000 Delta Air Lines - will delay the effective date for a potential 220 pilot furloughs to Nov. 1 Southwest Airlines Co. have said they will avoid most forced cuts for now, after thousands of workers retired early or took leaves That being said, either aid is given or 35,000+ more citizens will be added to the unemployment sheet for the month. Personally, we don't see how aid is not given to avoid this grim scenario. This takes us to the TA part: TA: We've been accumulating AAL between $11.50-$14.00 since August if you check our previous AAL posts. We think the additional aid will be a huge move up for the stock. Theres several layers of resistance but wouldn't be surprised with this kind of news to see a shot straight to the 200ma at around $16.50 at the moment. Targets: 1. $16.45 area (where the 200MA will be) 2. $19.10 (top of our resistance line in pink) 3. $19.93 (fib retracement level) 4. $22.73 (previous high) Now, this a large pump, but very possible. As always, this is a risk. The government could very well delay the aid as it does not come to an agreement, employees are laid off, aid comes later, etc. This is 2020 and worse things have happened. We have our stop losses at $10.75 . Keeping a close watch on this one. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo
AAL technical analysis - big move coming in next few weeksAmerican Airlines is consolidating atm in a triangle and bounce back perfectly on gann fan 1/8th support line. Target for this breakout will be $17.87 target that lines up perfectly with 200 MA / 161,8% fib level and 1/4th gann fan level. On top of it all we have fundamentally speaking big news coming too that will be the catalyst for this breakout - AAL got a confirmation from Mark Meadows to receive the bailout money which will be announced in the upcoming few weeks. Risk to reward is very good too since you can put a stop just below the 1/8th gann support and the momentum on fast stochastics is making higher lower consistently too.
NASDAQ:AALLong
by UnknownUnicorn7005306
AAL - Airlines May Be Waking UpJust sticking to TA at the moment for this one as their are plenty of Fundamental reasons not to touch the airlines just yet. TA: AAL seems to have found support around that $10 area. We're looking at that 200ma in white to see if the stock gets stopped or if it rips through. Watching closely. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo