$AAL American Airlines Aborted Liftoff
Is it another fake out or a recovery ?, Despite some
very positive whispers about a new aid package,
the stock has faltered in making a rally,
Currently the stock is possibly forming a pennant
which could result a considerable move in the days
to come.
$13.50 is a strong resistance level
$14.30 would be target No1
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AALL34 trade ideas
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.
A glimpse into the future.. Beyond the 1 hourLonger term outlook.
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
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Small Dip Swing PlayMy assumption would include a small dip if NASDAQ:AAL does continue bullish.
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
Tip: Check another tradingview publication if your looking for something you can't find here.
Thank You, +AndrewAponas+
P.S. I apologize for any inconvenience my publication could have caused you and humbly ask that you contact me with your concerns before reporting my work to a moderator.
I'm taking a survey:-We have a squeeze play setting up.
Survey Question:
Who thinks it's going to keep going lower before the squeeze?
Mind you, I have marked a $1.00 drop in the price is a 10% drop in the overall value, and to see historic lows close would cause a 30% drop in overall value.
Respond in comments or "like" if you don't think it will continue dropping lower.
Stocktwits+Twitter Users: please view the original publication on tradingview before commenting.+++++++++++++++++++++++++++
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
Tip: Check another tradingview publication if your looking for something you can't find here.
Thank You, +AndrewAponas+
P.S. I apologize for any inconvenience my publication could have caused you and humbly ask that you contact me with your concerns before reporting my work to a moderator.
BUY!BUY!BUY!Stocktwits+Twitter Users: please view the original publication on tradingview before commenting.+++++++++++++++++++++++++++
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Ticker: I don't specialize in the companies sector, I was inspired to publish my idea independently.
Tip: Check another tradingview publication if your looking for something you can't find here.
Thank You, +AndrewAponas+
P.S. I apologize for any inconvenience my publication could have caused you and humbly ask that you contact me with your concerns before reporting my work to a moderator.
Not expecting AAL back to $19 until OctoberWith all the uncertainty around the vaccine, especially its effectiveness, and the length of the time it took to get where we're now, I would not expect the airlines to return to the June's levels in the upcoming months; and to the pre-COVID numbers at least until April 2022.
I see, AAL tend to move in a parabolic manner, which would not be an exception this time as well.
I might be wrong as it always depends on a possible catalyst that may or may not spike the market aside of all the technical data.
One thing is for certain, the bankruptcy is not in the cards for ALL.