AALLast time selling volume where here , it follow with strong rise up .
MEANWHILE with VIX Index Journey to 25% start and giving other american index stability on the right levels -which is perfect for pre-election , and all the world hoping and following covid-19 drug news.
ITS buy and hold trade for 2 weeks it would be your responsibility to find the right exit or if u any thing like me
i will hold it until i see it next year at 80 price for share .
which would be at that time very normal when we watch airline Companies passing the corona-virus disaster and Travel restrictions .
it would grant huge safe for high yield and this would make it much much attractive for investors and Speculators
A1G trade ideas
AAL DAL and the Airline Destiny Airlines earning are all due in July:
DAL 14 July BMO est. $-4.06 / $2.17B
UAL 21 July AMC est $-9.41 / $1.14B
AAL 23 July BMO est. $-7.03 / $1.43B
LUV 23 July BMO est. $-2.67 / $0.54B
All eyes will be on DAL tomorrow to sense where this mess is going.
As for AAL, it closed above the downward sloping trendline but this could be easily a bull trap. I will not get excited yet. I believe DAL earnings will have a big impact on the industry.
Trendline may act as support and hence may create a better odds for long positions.
With FIB resistances intact, I need to see decisive solid breaks to get in. Volume Volume Volume.
This analysis represents my own view and it isn't a recommendation. Readers should do their own studies before taking on any position. Data in this analysis aren't guaranteed for accuracy.
Wise trading everyone.
Look Up Into The Sky - AAL TARGET UPDATEWhat we have here is as typical Wedge pattern with the (E) wave ending at around 11-10 USD.
To confirm this movement we have our CCI indicator which seems to indicate that its losing steam on the downtrend.
And to all the haters saying the airline industry is gonna go bankrupt. The federal loans disagree with you.
If you want to buy, now is the time.