AAL trade ideas
$AAL American Airlines Review AAL had a strong rejection from the Fibonacci Golden Pocket @ $22.89, in reality
it had ran to far to fast and was overbought. The selloff has found support on the 12MA, any
recovery now must cross the main Fibs (while) and the local Fibs (yellow). Moving
averages and the VWAP $16.80-$17.50 is strogn resistance.
If trading remember the pain this week when placing your trade.
Fly Me To The Moon...Let me play among the stars.
Let me see what spring is like on...Jupiter and Mars .
In other words, hold my hand.
In other words, babe kiss me.
MAC D looking sweet.
RSI looking not over bought, not over sold. JUST RIGHT
SilverRoom TDI. WE GOOD!
So explain to me....whats going on?
Explain to me..where we will go?
I'll tell you now...we will go.
I'll tell you now...25+
You want to know when?
I'll say...before February!
Disclamer:
I'm a long term holder.
I'm not about paying 30 percent off my profits for some stupid short term play.
I'm about getting hit with that smooth 15 or less.
I am not a financial advisor. This might be just smoke
I might be wrong.
I might be lucky
AAL Long (Add to winner in up trend) Condition:
1. Breakaway Gap(G1), it ended the down trend.
2. Runaway Gap (G2) above previous Supply zone;
And Gap up above EMA144;
it shows in middle of an uptrend.
3. Re-test EMA144
4. previous Supply zone became a new demand zone
Next Earning date is 7/24/2020;
Buy: 17.5
Stop: 15.5
Target: 28 : Risk:Reward= 1:5
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Long AAL IntradayLooking at AAL today saw some good movement and it seems to be liking the 17.83 support area. In terms of probability, the stock holds some upside potential atleast until the next resistance 18.55. If the stock opens lower than the 17.83 support I will be looking at a more bearish outlook, a movement towards the 16.93 previous resistance. All in all in my analysis I deduce that
1. if the stock opens higher than the current resistance (18.55) I can definitely see a movement up to the 19.50 region and towards 20.30
2. If the stock opens at the current support (17.83) I can see it move upto to the resistance level 18.55 and profit with a quick scalp
3. if the stock open below the current support (17.83) I can see the stock move down to the previous resistance level (16.93)
My pick: #1
Given the right momentum and bull pressure we can break past the 19.50 region and if so I can place TPs at 19.50, 20.30 and 21.20
Let me know if you guys think of anything else. Just looking to record my ideas and if they help anyone with their own analysis, all the better.
AAL Positions Grew 8% ๐ฅ and Still More to Come $28 ๐Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, ๐จ๐ป Trader champ is here on your Service, Also hit thumbs up ๐ and support the work
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!
โญ๏ธ โ
Scroll Down ๐ โฌ๏ธ to signature section for ๐ฒ contact details ๐ฐ๐ฐ๐ฐ
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.
$AAL American Airlines Support and Resistance levels
Must be noted that the stock pulled back from hitting the Fibonacci Golden pocked by 18% on Friday
This will indeed be strong resistance in the future.
The stock moved over 100% last week and that is unsustainable.
Hopefully the 100ma level will act as support in any pullback so as the RSI can reset from overbought conditions.
AAL has maybe the questionable balance sheet among the airlines and the move last week was mocked by many.
PLEASE GIVE US A LIKE IF YOU APPRECIATE OUR WORK, THANK YOU.
HFFG following the AAL playbook (AAL 2 day rewind)Bottom chart: AAL with a 2 day rewind (AAL as of 6/3/20), AAL was up a modest +70% for the week. Stock tested 50 EMA, found support on the 20 EMA, was then lifted by the 5 EMA, which was the final phase of consolidation before the 50 EMA breakout and parabolic move
Top chart: HFFG as of Friday 6/6/20: price has tested 50 EMA, subsequently found support at the 20 EMA. The 5 EMA now appears to be lifting the stock towards its 50 EMA once again, where I expect a big move to take place. The breakout case is bolstered by the highest daily volume in 2+ months occurring over the last two days when the stock was up 3% and 5%