Americanairlines
American Airlines - $AAL Checking back in with AAL to see how it's looking.
It's been a rough couple of weeks for the Airlines. Apart from record low revenues, the Airlines face another hurdle that's quickly approaching. Airline carriers are prohibited under the terms of $25 billion in federal aid from laying anyone off until Oct. 1. Under the Worker Adjustment and Retraining Notification Act, employers are required to notify staff about possible layoffs or temporary furloughs generally 60 days in advance and have already begun doing so. It's not a guarantee that they will lose their jobs but it is a warning that it may be possible. We're also watching AAL earnings expected around 7/23 this month.
TA:
AAL is breaking out of a descending wedge. We could see a nice a pump here. I would look for resistance at the 50 and the 200 MA. We like $14.29 range for a possible quick swing trade.
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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.
UAL Long Trade Setup ( Technically ) Welcome to Profitlio Trading!
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Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view 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.
JETS - LongI like to use JETS to trade any of the airline stocks( DAL , UAL , AAL , LUV , JBLU , SAVE .
It seems the overall market could just pull back a little and continue on with the short squeeze, so if the last gap up pattern plays out again, I'll be entering positions in a few airline stocks when JETS traces back to bottom of the gap up candle.
AAL Positions Grew 8% 🔥 and Still More to Come $28 📈Welcome to Profitlio Trading!
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Finally the patience has paid off super good. Positions grew 8% and still more to come $28 is the ultimate target. Proof analysis attached below. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view 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.