AAL BounceAAL has been consolidating between $9 to $13, it has recently bounced off the low of $9 and is range bound to $13.
A1G trade ideas
AMERICAN AIRLINES struggling to fly again-Neutral MarketHello everyone,
NASDAQ:AAL encounter difficulties to cross the 0.23 Fiboonaccci level TWO times in a row after a strong pullback in the 50% Fibonacci level, and the 9.14$ price seems to be a solid resistance until now.
My POV; it is preferred to stay away from NASDAQ:AAL AT THIS PERIODE, we will consider investment if the price crosses the 23% Fibonacci level backed with buyers solid volumes.
Kind regards.
AAL DAL LUV BA Time to fly is approachingAs everyone knows, the airlines have taken probably the worst of the hit from the pandemic.
If you take a look at the weekly for all the top airlines and BA, they all look very similar.
I present American because I like feel like this chart has one has more defined risk areas due to recent price action and currently sits at one of its strongest supports in the history of the stock
From highest time frames to lowest, here is my bullish case:
Monthly: RSI has never been this oversold in its history, even at the near collapse in 2008
Weekly:You cannot miss the bullish divergences on weekly RSI. It is rare to see on a weekly chart.
MACD bottoming nicely.
Daily chart shows lots of incoming accumulation volume starting the end of April. After the Buffet news, it seems lots of retail investors dumped their stock into stronger hands.
Bullish divergences on RSI began Middle of March. Almost 2 months of divergences will make this thing pop strong and fast when it is ready.
Admittedly, the market structure is still bearish. Lower highs since the start of the fall with the last high at 13 dollars.
What intrigues me now though is this second bounce off 9.08 lows. It may not ultimately be the double bottom we hope for, but that 9 dollar mark created a defined stop loss.
I am playing AAL here. If it is to break below 9 dollars and close the week at that point, it is a clear sell with reassessment at 7.80-7.95. Break that and ill be a buyer at 5.25
First target here is 15.50.
This trade needs 1-2 months, and possibly to August. It is a buy and hold. When fall comes around, it is IMPORTANT to assess due to the potential of the second wave of Covid-19. If it hits again, run for the hills because the second time around we will have a full 6-8 months of Corona season, debilitating all airlines and probably bringing them all back to all time lows, in this case $1.50.
If you do not get greedy on this trade, you will get a 50% return within 3 months. It is a gamble after that until a vaccine is out there.
Just waiting final down finish and open buy then afterAAL or American Airline..if I see it on weekly timeframe , it is very easy to counting the wave . So then, my analysis this price actually want to looking final correcting point, which I assume it is $4.87 ( as 123.6% extension ). And I give label , the final down as intermediate wave II of motive III.
After price hit $4.87 , I hope it will reversal and making huge bullish movement !
Thank you
Still We Have a Great Chance in AALWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
This is going to be a perfect sign for gains in AAL market. Look into the highlighted eclipse and good place for a long term buying opportunities. price has been locked at this point for AAL and where I see a great potential ahead after economical come back! Sketch up your own trade setup before you take off. Our Previous selling banked with 100+ Pips and Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Forming a picture perfect descending triangleHey guys,
AAL is forming a perfect descending triangle. I would imagine this will run up and retest the trend line above one more time. Whatever the case, I would be ready to go long or short based on a breakout. Most of the time these break out downward.. but sometimes they pop up. 75% chance of a break down, 25% chance of a break up. It all depends on how many buyers come in at the bottom support line. Happy Trading!
- Matt
Bullish Divergence!RSI showing upward momentum change in recent downward trend. Reversal expected in near future.
AAL "LONG" possible double bottom Airlines have been with so much bs that it has fallen extremely hard... weak earnings for AAL and Warren Buffet stating Berkishere has dropped all airlines stock from their portfolio. Although there is a great reason why this stock is performing horribly, I have the slightest belief that perhaps we see another bullish movement coming soon. There is no reason why it should go up, but my TA tells me it should and most likely will if we hold $9 or even gap up the next coming days.
The only concern I have with this long is the descending triangle formation, I find it very unlikely that we break out of it.. the only way I see this occurring is with a good PR stunt from Donnie Pump.. We have now had this low challenged since 2012 or so... great opportunity imo
AAl GO Big OR GO HOMEpossible big bounce about to happen from this level or massive drop if 9 fail expecting a major bounce news keep getting this stock in the floor support 9.50 and 9 strong support level must cross 10.50 for rally over 12
rsi looking good for a nice bounce
play safe trade at your own risk
American Airlines Group - AAL - HoldNASDAQ:AAL
Technical Analysis:
Wait signals to go short (As per major trend)
Let's wait for one more day to check if the price will close below the support line to confirm a potential breakout point; i.e. a downward penetration of the support line. (Go short) - this Idea is supported by the Fundamental Analysis as well.
I would not be so confident to go long. It is still a possibility as the price could bounce back on the support line (against the fundamental).
2008 PRICE LEVEL WAS 1.75 USD circa and aircrafts were flying - the current crisis should be worst than the 2008.
AAL Double-Bottom Bounce, RSI Divergence, Targets 98% Return This is a resubmission to improve some visuals in include prices targets; please see my previous post.
AAL double bottom bullishSeeing now that warren buffet has caused many to sell at panic American Airlines has become a great price for traders to take advantage of. The Double Bottom pattern shows a clear buy signal and people should take advantage of this easy investment.
AAL RSI Divergence, Double-bottomVery cheap airline stock, I can't imagine that it will travel any further below $8.5. Take long to $17.
Quick update on AAL Just an update on the last chart. You should be in profit if you took longs from the last chart.
AAL is going down to a buck 50 .... get outyou guys were lucky today it didn't break 9.09 … NFP is on Friday , we are just 1 bad day of a 500 points from Dow to make AAL sink pass 9.09
it will retest the july 2008 of $1.50
