A1G trade ideas
AMERICAN AIRLINES BREAK OUTAfter 14 days of laterality, where the price tried 4 times to break the barrier of $ 22.50, on Friday American Airlines (AAL) gave a sign of strength, breaking the resistance and closing the session at 23 , $ 37 per share.
The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines.
In the next week we will see if the stock manages to break the resistance trendline in the 23.68 area, if it does not, there could be a pullback on the 20 EMA or on the support trendline, which would represent a good buying opportunity.
The first price target for me is and remains $ 30 , which is the price that AAL had at the beginning of February 2020, before the collapse caused by COVID-19.
Lazy Bull
𝗥𝗘𝗔𝗗 𝗖𝗔𝗥𝗘𝗙𝗨𝗟𝗟𝗬 !!!
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
American Airlines (AAL) to $30? 🚀🚀 4H ChartIf the economy do re-open as soon as planned, the giant of the airlines industry could see a bullish up trend.
- Breaking up ⬆️ a 167 days accumulation range.
- Cup chart pattern formation.
- Price over MA200, MA50 indicators lines.
- $30 was the price before the pandemic plunge.
AAL Boost ImminentAAL's boost from crossing its upper bollinger has been growing steeper. If it can manage to cross again there may be large upside.
Long | AAL
Possible Scenario: LONG
Evidence: Price Action
TP1 ~27, TP2~30
This is my idea and could be wrong 100%,
American Airlines 2021 chart reviewAmerican Airlines has a high = $30.36 & low = $15.17 so far for 2021. American Airlines says 13,000 workers can tear up furlough notices after passage of COVID-19 relief bill. The rollout of the Covid-19 vaccine in the United States and worldwide is giving the airline industry hope. In the fourth quarter 2020, American Airlines posted GAAP earnings per share loss of $3.81. Revenue plunged by 64.4% year-on-year to $4.03 billion. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
AAL (NYSE) - Nice TargetGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader.
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
AAL (NYSE) - Nice Target
Recovery stock? Only temporaryBe careful with AAL.
While everyone is hunting for "recovery stocks" this may only be temporary in the case of American Airlines.
AAL has been in a down trending channel since 2018, when trade tensions were at peak and oil prices were rising. Things aren't very different today with a potential strong recovery of oil prices. AAL usually gets hit hardest because they burn their cash fastest compared to their competitors. While management seems serious about trying to turn things around, not sure this stock is going to see "all time highs" any time soon.
There is an upside of 26% - 40% here, but if I were in AAL I'd play with tight stop loss limits because that downside to the bottom of the channel is not far from the covid crash and nearly 50% down.
Good luck.
Airline stocks rose MondayAmerican Airlines, meanwhile, announced plans to raise $7.5 billion by borrowing against its frequent-flyer program ;
The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility of the same amount due in 2028, according to a news release ;
Fitch Ratings said American’s liquidity has improved more than it expected because of federal loans and money to help cover payrolls ;
Shares of American Airlines ended Monday up 5%. United rose 7%, Southwest Airlines gained 6.4% and Delta tacked on 3.6%.
*Apnews- Bloomberg.
$AAL reopening playReopening plays coming through, pretty sure all airlines will be going up, but I'm just a fan of AAL.
AAL will invertEven the Bull persist I continue to say that will Bear to fill the gap.
I had missed my last ideia but think that will happen soon.
"AAL" Diamond of IndecisionSince March 2020, Congress has awarded passenger and cargo airlines,airports and contractors nearly $90 billion in government assistance and low-cost loans,
including two prior rounds of payroll assistance for U.S. passenger airlines totaling $40 billion.
The $1.9 trillion COVID-19 relief package approved by the U.S. House last week includes another $14 billion for passenger airlines to keep workers on payrolls for an additional six months. It awaits action by the U.S. Senate.
AAL Target 28It should present another buy bellow 20, I am watching for 22 breakout. I am in this from 13.24.
UAL and AAL are good for 6months hold with summer around the block every soul is getting ready to jump out of WFM(I am for sure :P). J&J vaccine will also ease a lot of travel in couple of months. Both have good alliances, Domestic travel is already pickup next should be international.
Possible Ascending triangle for AALA possible ascending triangle, I believe we will retest the the green support line before testing the horizontal resistance. The MACD gives me the idea of us testing the green trendline. RSI is a little overbought.
$AAL braking out Long-term base breakout. Top of channel. Fundamentals behind it because of the vaccine.
AAL ready for liftoffIf we take a look at the weekly chart, a textbook cup and handle has formed. We had the fall last March with a run back up to $20 to mark out break out. Over the course of the year it has dropped and consolidated on low volume and once again ran up to $20 on increased volume.
This formed our “Cup” and our handle has formed on a healthy dip with decreasing volume.
This week marks the breakout of that year long formation and is an exceptional buy.
Looking past the technical analysis, one could also point out that the vaccine news is looking great for this industry. That prospect could boost the outlook for airlines to prices from over a year ago.
This is also a safe enough industry that is essential to the world’s economy, and as we know our government will never let them fail.
Big big thumbs up on this.
Analyst MondayIt was a good day for analysts and not much else. Plausible range-bound continuation within the upward wedge post-upgrade.
