AAL trade ideas
American Airlines Supportprice has respected the levels near the bottom range of the current price. As we are continuing to test the support levels and create a more prominant bias and the market condition begin to strength one can look for a potential in holding AAL towards previous highs. Although the time range for this correction to occur could take weeks over time as the consumer confidence raises.
After pullback, it dropped again. DON'T BUY EARLY !Many days ago I was prediction AAL gonna down,,but there is bullish pullback only until $12.54 then it dropped. Well SELL ALL is not offer good risk reward ratio , also for me personal, I'd like buy this stock only if price already on $4.95.
*** This is my analysis on daily timeframe. Actually, I remember that I ever shared analysis AAL on weekly timeframe. Just search it on my tradingview page ***
DISCLAIMERS :
* My EW labelling perhaps different with other EW traders.
** This analysis however is subject to change anytime ( with or without notice by me ).
*** Every result trade of you, I am not gonna responsible for it. I just sharing this analysis for learning purpose only, especially for people who really want to know about Elliot Wave technique.
AAL - American Airlines Technical AnalysisNASDAQ:AAL Technical Analysis
Prices are back in the channel - most likely the prices will keep moving inside the channel.
Hold is the better option at the Moment.
AAL Long for the future?!All the analysis is saying that until june we should go long in hopes for a profit, which I would agree with. However let us look at the bigger picture - as this can go very good or very bad.
If the virus does go on for longer than the summer and until December, the US economy (in my opinion) will not be able to bail AAL, as they simply won't have the cash or they will have to focus on other things to bail out.
However, if restrictions are removed and the economy does start to shown signs of a comeback, a long from now on could be the best option as even though they may about to go bankrupt; the USA could bail them out. IF!!!! This virus does not go for long.
Do not use this as investment advice. This is just to help guide you if you are investing in AAL, but do not use this as your final decision to invest.
Invest carefully and hope ypu all stay well!
AAL Not grounded all the wayEven JETS (monitors a lot of airlines) is showing improvement (great Call territory). Slow grind up but in a good place right now with AAL. Should climb for another week or two.
$AAL Upside Targets
Bullish move above 50MA
RSI, MACD , Histogram all bullish
$12.15-$1350 a good target level.
long AALWith the idea that we are seeing the light at the end of the tunnel. Many states are opening up even in phases. AAL will rise with the markets.
looks like it might even be able to reach $13 if not the end of this week then by the end of next week.
The only thing I can see slow down progress for airline stocks is another outbreak of the virus. They will also not be back in full capacity I understand that 100% In fact I have Airline workers that have said they will cut the capacity by %30 which may increase rates by 30%+
AAL analysis Hi friends
the graph of this market shows that there is a high probability in the coming days that it will experience a bearish trend up to 5.50 at first
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AAL is gonna hit $4.95 as end point of primary wave 5 of cycle CAAL or American Airlines stock
On daily timeframe, it really clear for me, that price is in progrees to finishing primary 5 of cycle C . I think price must be ending on extension 123.6% or $4.95 in the future.
DISCLAIMERS :
* My EW labelling perhaps different with other EW traders.
** This analysis however is subject to change anytime ( with or without notice by me ).
*** Every result trade of you, I am not gonna responsible for it. I just sharing this analysis for learning purpose only, especially for people who really want to know about Elliot Wave technique.
AAL Slow back to normalCould see a slow U shaped recovery of AAL in the coming future.
A lot of potential upside as people want to escape to vacation land.
Might see one more dip if another resurgence happens with the virus.
AALLooking to swing some puts on NASDAQ:AAL if we reject this huge downtrend that you can see on the daily. If we break above, I will keep that in mind in order to play the upside. We will see
$AAL Weakest one of Airline stocks possible 50% decline to 6.4As discussed, any bounce is good opportunity to load shorts as decline trend line keep falling and breaking bottoms . Compared by others its showing weak indicators and more possibility to drop further .. Unless something big happens and jumped above 12-14 levels which can ends the falling trend
