America Airlines (AAL) Starts New Impulse HigherShort term view in AAL (America Airlines) suggests the rally from 5.24.2023 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 16.78 and dips in wave ((ii)) ended at 15.92. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 16, wave (b) ended at 16.39, and wave (c) lower 15.92. This completed wave ((ii)) in higher degree.
The stock has turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16.32 and dips in wave (ii) ended at 16.11. The stock resumes higher again in wave (iii). Up from wave (ii), wave i ended at 16.49 and pullback in wave ii ended at 16.27. The stock resumes higher in wave iii towards 17.48 and dips in wave iv ended at 17.12. The stock extends higher in wave v towards 17.98. This completed wave (iii) in higher degree. Pullback in wave (iv) ended at 17.51. Up from wave (iv), wave i ended at 17.94 and pullback in wave ii ended at 17.67. Near term, as far as pivot at 15.92 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
AAL trade ideas
American Airlines to find support at previuos resistance?American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 / 15.70 / 15.00
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Discounted GrowthRev Growth YoY and FWD are 50 and 23% respectively and 307 and 167% above the sector respectively while PE GAAP TTM and FWD are 71 and 65% below sector! This implies a huge discount in growth.
Gross Profit does lag behind the sector by about 12%, but the valuation combined with the outsized growth substantially off-sets this disparity.
On a technical note, there is an intermediary "W" pattern. Confirmation of this pattern would be realized once the SP closes above the midpoint peak of @25.75 along w/ substantial volume, 3 day rule, etc. Pattern and targets are also correlated with Fibonacci retracement levels and Fib Time series.
Bearish Cypher D leg Rejection short set up Bearish Cypher. Monitoring the 4hr chart, we had a bearish cypher retest back to (B) leg. It then retrace back up to D leg where it sold off, from the initial sell off it retrace back to D leg again. Here is where i'm considering a short position. The 4hr chart is showing oversold rsi above the cloud. Price Action would have to gap above D leg, and if you notice Currently X leg is acting as resistances. No position, waiting for confirmation from price action
AAL - Like An Eagle 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on MONTHLY: Left Chart
After rejecting the 26.0 resistance zone, AAL has been overall bearish.
However, AAL is now sitting around a strong support zone and round number 10.0
on WEEKLY: Right Chart
For the bulls to take over, we need a break above the last major high in gray.
Meanwhile, until the buy is activated, AAL can still trade lower inside the 10 - 12 support zone where we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
American Airlines in an inverted head and shoulders.American Airlines - 30d expiry - We look to Buy at 13.54 (stop at 12.94)
A bullish reverse Head and Shoulders is forming.
13.36 has been pivotal.
Expect trading to remain mixed and volatile.
Bespoke support is located at 13.50.
We look to buy dips.
Our profit targets will be 15.04 and 15.34
Resistance: 14.30 / 14.76 / 15.00
Support: 14.00 / 13.87 / 13.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Unclear Expectations AAL - A positive earnings report from last quarter was soon clouded by government pressure to now provide support for stranded passengers could put airlines once again in the crosshairs of regulations and high cost of doing business. Looking for a more sideways to bearish outlook for the next few weeks as there shows to be weakening confidence over time in combination with no pressures for changes in their business. Not to say that the changes may pass as there are many things in place already such as travelers insurance that people can buy to protect themselves should there be any troubles in your journey.
AAL double bottomFirst thing you notice is the weekly hammer print
With a big tick up in Volume
2nd thing is the clear double bottom formed here.
My first target is the 200sma or 14.30..
it's so much resisitance between 14.50- 15.00 that I'd take profit there and wait for a move above 15.00 to get back in long with a 16.00 target
Entry - above 13.70
Stop loss - 13.50
Target - 14.30 gap close.
I like either
5/19
14.5c
Or
5/12
14c
The move should happen early next week
AAL BACK ON WEEKLY SUPPORTFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
American Airlines Group: The Best Stock to Buy Right Now?The pandemic hit the airline industry hard, with many companies filing for bankruptcy or struggling to stay afloat. However, one company that has managed to weather the storm is American Airlines. Despite facing unprecedented challenges, American Airlines (NASDAQ: AAL) has survived and emerged stronger than ever before. So if you’re looking for a smart investment opportunity in these uncertain times, read on to discover why investing in American Airlines could pay off big time!
A new and strong weekly demand imbalance trading at $12.85 per share took control last week, in April 2023. The strength of the impulse is important. This is a long-term investment opportunity for American Airlines (NASDAQ: AAL) stock.
AAL LONG American AirlinesAAL is shown here on a one hour chart with anchored VWAP bands shown.
The anchoring is set for the beginning of the year. Based on the price action
drawn in are support and resistance zones. When price is one or more standard
deviations below the mean VWAP, the stock is undervalued and institutional buyers will
set buy orders. ( Short sellers will close there position to provide shares to
the buyers and take their profit off the table
(When the price is one or more standard deviations above the mean
VWAP, the stock is overvalued. Institutional sellers will sell their shares ( either
shares at a profit or short sell )
At present price, action has retreated to the upper part of the support zone.
AAL is getting to a buying point.
The relative volume indicator shows huge increases in volume compared with the
rolling average volume of the past 50 days. Essentially current volume is 10X
that average meaning there is extreme interest in this stock and great liquidity.
Fundamentally, AAL has had two prior quarters of earnings reports and the upcoming
earnings could be fueling volatility and potential price surge.
I see this as reversal setup for great entry for a 45-60 DTE call option at or in the money or a
long swing trade targetting just below the resistance zone or one standard deviation
above the VWAP.
AAL3.14.23 I decided to post American Airlines because I think it could open and have A two-bar reversal for a long trade. This will be the first of two or three videos because I'd like to show similar reversal patterns in oil potentially,the ES which is already had a reversal pattern, and I will show that to you as well. I am going to make these videos Shorter today... so if I didn't make too many mistakes I won't have to do it over again... so there should be at least one and maybe two more videos showing you reversals for today.
American airlines part 23. 11. 23 This is American Airlines part 2 because I messed up on A range box that was very important because of its context to volatility. So this is a very short video to make that correction and then summarize it to make my point . The expansion of volatility on this Market was not linear... it was much Greater each day for 3 days.... it's a very important Change in volatility... each day and this affects your probability of making more money in the market.... if you recognize what is going on and can think in realtime.
American airlines part 13. 11. 23 This video explains how American Airlines dramatically changed with regard to its expansion and volatility as I see it. The video speaks for itself. There is one error that I made with the range box that I added to compare the range on the first post to days earlier.... that range box that I added is not accurate because it doesn't really represent the true range of the market the first time I looked at American Airlines. But I don't want to go back and start the video again. I will make that correction and then add it right after I post this video and you'll see a small range box that represents what we were looking at the first day when it's really not possible for me to make a trade decision.... and then this should be more clear to you the points that I'm trying to identify. I'll put a small range box with a background color to identify what I just mentioned.