AAL trade ideas
$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
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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!!
A review on my short analysis after 5 days!You can benefit from the market when it goes down as well if you know how to do it:
August 15 2021:
AAL:(private post)
You judge the accuracy, it is published when the market was close(weekend)
Airlines are neutral to bearish..!None of the airlines in the charts have any bullish signs!
They all broke their trend lines in the weekly charts and currently they have made consolidation patterns in daily charts!
I am looking for short opportunities in them for the coming week!
AAL patternContinuation + MACD could push AAL downwards. It may find support in the green box, or the demand zone. Short term bearish, long term bullish. May also find support at 200d sma
AAL the maker is trying to make a tricky chartThe best is risk management and also stock capital management , why ?
This chart is full of opposite translation and opposite meanings and different probabilities ,
I give you the main levels of support and resistance , targets for all patterns ,
You should do the best according to the movement and breakout that may occur ,
Except the mainly trending AAL , It is still tricky ..
Take care and have my best wishes ..
8/9 AAL(1) it's a weekly chart
(2) 2 yellow lines as support as you can see
(3) shot-term target 22-25 first
aal w3 setupsame story as ual,
risky move here, but everything checks out for this push up.
w3 target = $26
AAL broke out of the flag pattern and is heading higherNASDAQ:AAL broke out and is set for some considerable gains. Anticipated price action and targets are shown on the charts, stop daily close below 19.5$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
AAL!This stock looks set to drop more.
Having ranged for more than an year, there is high chance a big drop will come in the future.
Trade with care use a stop loss.
