American Airline Long term buy position, would not over-leverLong term buy position, looks like this stock will recover when travel disruptions come to an end, fundamentally speaking.
From a Technical perspective, the stock is just.. cheap.
This comes under a "value invest" category for investing, in the short - mid term.
Yes I know Supreme over-lord Buffett dumped this stock a while back, doesn't mean it still won't retrace over time.
Remember, there is a high chance that there are other stocks or financial instruments in existence, which will offer a higher ROI than this stock, meaning your money may be more "valuable" elsewhere in the market.
I still think this will retrace to bring you at least 100% returns, over time.
This stock has the possibility of retouching a $1.93 extreme hard-support area, but I doubt this will actually happen.
Risky, and I expect this to be quite a volatile stock, so I would cap the amount of investment that goes into this trade.
To condense, I believe this stock is in the process of a reversal.
High Volatility = Smaller Lot size, careful.
-Divit-
AAL trade ideas
BUY AAL (AMERICAN AIRLINES)- Buy at $18 to be safe.*Enter trade when there is a confirmation of a successful breakout when it retraces back to resistance line* potential buy at $15.75 as well due to strong support from the 200 EMA or $12 at support line - oversold on stochastics = uptrend 🚀
- American airlines in a symmetrical triangle and starting to show some support and become an uptrend= break out and reach a target of $31 or even higher if you want to keep as a long term investment to previous resistance with the stimulus of the vaccine and the hopes of the airline industry gaining strength again
- American airlines is also well below its intrinsic value ($30).
NASDAQ:AAL
BEAR TREND SINCE MARCH 2018 COMING TO A CLOSEAirline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and enjoy the ride.
Other sectors like utilities & cruise lines all have the same charts and patterns as they are moving in sequence. Make sure to choose the better companies of each sector.
I do not hold a position in AAL. My largest holdings at the moment are BA, PCG, and TLRY. - GL
long just not yet.right now I am long on AAL but not until i see a retracement back to that purple price area. We are currently overbought in almost all stock tickers so we might see a big pull back in all markets. but it will be short lived. this is healthy in the market. we also see a golden cross occurring so this indicates a bullish run but as i always say nothing is certain until we get confirmation in the next few days. let me know what you think.