AAL trade ideas
AAL - Got Any More Of That Stimulus Yet?If you check back in with our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. The airlines are still patiently waiting for additional aid from Congress which will be a huge move up for the whole sector. While there has been support on both sides for further stimulus, there's still certain disagreements that have led to an elongated standstill forcing airlines to cut costs where it can (furloughing employees, cutting flight paths, leaving cities, etc.). Will still say this, more people are definitely flying now than the previous months. This past weekend alone, TSA said it screened more than 3 million travelers at US airports (1,047,934 on just Sunday), which made it the busiest travel day since the pandemic started. While this is good news, these are numbers are still 57% below 2019 levels, but it's a start.
TA:
At the moment $AAL is hitting resistance at 3 major levels for us: Our down trendline in purple since October 2018, The daily 200EMA, and .618 Fib level. A break in these levels would bullish and we would look for the new support resistance after this.
Updated Targets:
1. $17.20
2. $19.36
3. $22.00
Watching closely, and will come back with more updates.
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$AAL American Airlines Fibonacci Trade Setup
Potential entry above $16.40
Target price to Fibs and pivot point $18.40
BULLISH!!As we can see it is going only in one way and that is up! We can hold till the end of December as a short or till Feb-March when i expect that there will be a vaccine. In addition, we know that if Pfizer comes out with the vaccine - AAL will be in a cooperation with them as a use of travel(that is something really good). Hope you appreciate my opinion. I would be grateful if you share your comments.
Targets:
17$
20$
23$
30$...
American Airlines When the Airline industry recovers from Covid-19 these shares will be worth something. Just wait and watch. $$$$
The current price is $15.00 USD a share, not bad.
What do you think?
$AAL Daily Chart flashing Eye Spy a Squeezing chart again on AAL play that last pop up and had good returns thinking its about that time of the year. Lets see if we can get another spike in the coming months.
M15 SHORTM15 SHORT
rebound from the level of 14.72 resistance = zigzag down: 1 wave - impulse, 2 wave - correction and 3 wave - impulse to support 13.35
AAL Attempting BreakoutAAL looks to be attempting a breakout. Volume, rsi and trend are on its side - currently retesting before it either shoots up to $16 or has to revisit the $14 price range. If I had to guess, I'd imagine it follows the pink route.
Breakout watchlistWill history repeat itself?!
And are we on a wedge of a new run-up, just like back in May?
Who knows...
$AAL American Airlines Ready for Takeoff. ✈✈✈
AAL broke and closed above the 200ma for the first time since the pandemic selloff.
Possible entry above yearly candle resistance @$14.50
Targets =
$15.29 Local Fibonacci resistance
$16.70 Overall 0.382 Fibonacci resistance
AAL AnalysisAAL got left behind on the runs last week. Let's see if it wakes up this week.
Ideal entry: close over 12.50 OR red trendline
Safe PT: 13.50
Final PT: 14-14.50
dead stockso many better options but this could be a good add to a long term portfolio. its just not going anywhere for now. I wouldnt even add shares here, if it continue going at this pace we hit 20 in 2022... lol. gl :D
