Time to fly againAAL is ready to take a good fly, if oil will finally go back in 40s, this can be a huge upside.
AAL trade ideas
Opening up play for holidays and summerAAL shows a massive wedge down starting from april.
I will be keeping an eye on this but will be patient because i do believe we can go a little lower since the 200ma crossed over the 20ma on daily chart.
Using the RSI also, we are not as low as i'd expect so i believe we are going to go a little more lower with selling.
volume remains under the 10 day average.
For a short term trade idea:
Entry: 17/17.50
Sell: 20
SL: I would use a tight stop of 16.35-16.50 for a short term trade.
American Airlines (AAL)... Cloudy Skies Ahead ??A confluence of several bearish patterns are forming on AAL ( 4 hour basis.)
This suggests a sell (exit) position on perceived AAL and general market weakness.
Additionally momenteum appears to be topping.
This is not market advice.
As always do your own due diligence.
S.
AAL Bullish Setup Current chart for AAL is looking like a good potential swing. Time range would be 3-4 weeks, but the overall market would have to stay at least somewhat level since any large drops in the market would also decrease the value of AAL. Price is reaching good levels of support based off of fibonacci as well as chart patterns and this may be the start of another 5 wave move to the upside. Keep the CL tight and for options pick an expiration farther out than you think.
Trad.RU|AAL-RM|LongLong AAL-RM
The system trading idea is activated only when it is fixed in the highlighted blue zone, if the price has gone beyond the highlighted zone, then the transaction is activated 2 minutes after the breakout.
* The author reserves the right to close the deal before reaching the take zone and the stop zone. Closing a deal for subjective reasons does not completely cancel the idea and is not a call to the same action, you can continue developing the idea according to your data, but without the support of the author.
The level indicated by the ellipse is a zone of increased resistance, a reversal is possible in this area for correction, please take this factor into account in this transaction.
The term "forecast" was used to indicate the percentage potential in this idea. The author does not take into account the date and time of the trade, only the percentage change.
Blue zones are activation zones.
Green zones are take zones.
The red zone is the stop zone.
Working out of the take level takes place without fixing on a "pending order", working out of the stop level only when fixing in the stop zone or breaking through this zone.
SUM PNL: This parameter displays the total % of all closed ideas (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
!This idea is in the format of a systemic trading idea, losses will be mandatory, the goal is to gain a positive PNL at a distance by using the system. Follow your own risk and money management parameters if you are going to use these ideas.!
American Airlines Gp (AAL)American Airlines Gp (AAL)
Possible scenarios for possible targets ...
Short $22.55
Long $26
American Airlines looking for new highs. AALIt's a hard call, but looks bullish given our analysis. We have been in a descending channel truly long enough, and there appears to be a change in momentum and fractality of the price action on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AalNoce
Breakout of wedge. Target 24.86 to max target or 26$. Break 26 rip to new highs. It does look bullish as we consolidated on old resiatnce be fore breakout
AAL $30 STOCK SOON?Above this 22.6 area we could see $26.
Above 20, 50, 100, 200 Daily EMAS
RSI Breakout
New HIGHS
Not yet to buyThis stock is one of those which affected immediately by the COVID-19 pandemic. Its fair value is 21.5 $ but there is a strong movement toward 25.5 $. I totally recommend waiting until it breaks 25.5 and sustains it as support for those who want to buy it.
$20 barrier AALBuyers have been proving to show the their strength and holding key levels to bring AAL back to $20, The question is now if they break pass the sell walls to maintain and hold the $20 before eyeing out $25.
Be aware that the airline companies have recovered well from the pandemic, The question is what is the short term price action and psychological response of investors in this current market cycle.
Heading towards earnings report on 10/21 AAL investors and smart money will start to position if we haven't already seen it this week from the lows of 18.90 and $19.10
AAL False Breakout of September ChannelAs AAL is stuck in a decending Triangle it looked hopeful on Thursday for a breakout. Unfortuntly the market did not agree forcing it lower for the month.
AAL will now open in the middle of the September channel.
Depending on market open reaction I expect it to test the restances at 19.66 19.83 - or - test the support at 18.94. There should be a Reversal play either way.
The big support can be found on the monthly at 18.27 Alerts
Ultimatly I am looking to short to complete the daily triangle soon.
Is American Airlines Flying South?American Airlines has been trying to hold $20 for the last two months, but now it may be ready for a deeper breakdown.
Notice how AAL bounced firmly at that level in mid-April. It’s tried to get back above $20 in the past month, but without much success. That suggests old support has become new resistance.
Next you have the trio of lower highs on July 27, August 11 and September 9.
Third, the 50-day simple moving average (SMA) has been pushing downward toward the 200-day SMA. At its current pace, that “death cross” could occur soon.
Fourth, the weekly chart had a bearish inside candle last week and a bearish outside candle this week. That may suggest a period of tightening and consolidation is ending.
Finally, the macro backdrop is potentially difficult for AAL as travel remains below pre-pandemic levels and Transports struggle. It’s also one of the most leveraged members of the S&P 500.
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$AAL American Airlines Key Levels of interest
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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Looking for an undervalued stock ? Buy Airline Stocks We have 4 more months of bull market left, keep investing.
DOUBLE TOP PATTERN AALThis is a double top pattern of American Airlines, and it seems that a downtrend is coming.
AAL Wedge Stock has been consolidating, and overall I think airlines as a sector will have a fall run. Multiple previous touches at support show that there is some underlying bullish factors even if the overall share price has been dropping recently, people have been buying on the dips. Additionally, I would expect a change in overall direction to come around the .618 levels of the larger wave 1 back at the start of summer which is near its current price.
AAL $15 on the wayBlue lines are targets. As we saw the jun 2016 low held the yearly high at a resistance which led to a 25 percent drop to $20. as the month closes and we fail to break above $20 this signals a bearish price coming for the month.
AAL - Daily chart - Long scenarioOverview
Looking to take a long position if price should move as shown with the orange arrow - where i would enter the long on a retest of the blue line.
Target is based on a weekly level.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
$AAL Analysis & Key levels$AAL Analysis & Key levels
Still in an overall down-trend but looking good for some day or short swing trading.
Sitting slightly above a longer support
I do think that I will be looking to add here today…
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I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels…
Red = Key levels
Green = resistance
Blue = trendlines
Have fun, y’all!!
