1AAL trade ideas
AAL AnalysisNASDAQ:AAL
AAL is setting up nicely to jump back to the $18 level, but be cautious. A break above $15 would be bullish to the 18.30 TP, but a break below 12.60 and AAL could revisit 11.60-11.40 PT
American Airlines Count UpdateExpecting bottom in an A soon with a bump up and more correction to come. Impulse up off recent bottom looks nice
Double bottom?We need to wait for confirmation of the double bottom and after confirmation there should be growing trend for short time
American Airlines - $AAL Checking back in with AAL to see how it's looking.
It's been a rough couple of weeks for the Airlines. Apart from record low revenues, the Airlines face another hurdle that's quickly approaching. Airline carriers are prohibited under the terms of $25 billion in federal aid from laying anyone off until Oct. 1. Under the Worker Adjustment and Retraining Notification Act, employers are required to notify staff about possible layoffs or temporary furloughs generally 60 days in advance and have already begun doing so. It's not a guarantee that they will lose their jobs but it is a warning that it may be possible. We're also watching AAL earnings expected around 7/23 this month.
TA:
AAL is breaking out of a descending wedge. We could see a nice a pump here. I would look for resistance at the 50 and the 200 MA. We like $14.29 range for a possible quick swing trade.
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New trend for AAL?“Go” flag on American Airlines!
The current bar of GoNoGo Trend has painted a Go flag. If this holds for the day that would represent a trend change. However, be prepared for a pullback in the near time and look for a consolidation at this level for there to be a further rally.
This is because the GoNoGo Oscillator is overbought as the color changes above. Also, the change to a “Go” trend has pushed price above a level of resistance that we will need to see act now as support.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
AAL outlook PT is $15First support $13.80 second support is $12.85. My PT is $15 for the short term play. My swing PT is $26.72 once AAL ca reclaim the channel
$AAL - Just updating Stock price is still below the resistance area of 14.29$.
As long as the stock price is below the resistance area, there will be sideways movement.
Point of control located in 11.5$
Not for any advise,
Just an Idea.
NEW NORMAL American Airlines is reintroducing complimentary hot food items and signature food-for-sale favorites at select Admirals Club lounges across the country. The month-long rollout is part of the airline’s phased reopening strategy for Admirals Club lounges and ongoing response to coronavirus (COVID-19).
AALIf AAL breaks through this support and it will probably fly up to around the ray drawn above. There is also a lot of talk about a relief package and we all know airlines are not going under. Risky play but worth it as we say before the volatility of AAL 10 dollars to 22 in the matter of now time. Invest at your own risk and always have a plan, know what you're going to risk and ride the momentum. One thing I like is squeeze momentum is positive and it has been under for quite a while.
American Airlines - AALThe idea is to Hold. - Prices moving sideways
if the Target Price of 13.00 USD will be broken in the next days, there might be an opportunity to go long.
Following up with the RSIBasically we're looking at the average gain : loss ratio which I think is appropriate to study when looking for a trend (which is still on track).
Referenced from Tradingview's library_
For a practical example, the built-in Pine Script function rsi(), could be replicated in long form as follows.
change = change(close)
gain = change >= 0 ? change : 0.0
loss = change < 0 ? (-1) * change : 0.0
avgGain = rma(gain, 14)
avgLoss = rma(loss, 14)
rs = avgGain / avgLoss ************SPECIAL NOTE
rsi = 100 - (100 / (1 + rs))
"rsi", above, is exactly equal to rsi(close, 14).
_end quote.
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Gap filled .. next run if breaks resistance retested gap twice. watching if breaks resistance trendline. If it breaks resistance then looks bullish to me short term. target around $16.00
not financial Advisor Bla bla ...Like if Agree Thanks!
$AAL American Airlines Aborted Liftoff
Is it another fake out or a recovery ?, Despite some
very positive whispers about a new aid package,
the stock has faltered in making a rally,
Currently the stock is possibly forming a pennant
which could result a considerable move in the days
to come.
$13.50 is a strong resistance level
$14.30 would be target No1
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Risky Play For American AirlinesI think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play.
Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r play, but for me it's too much of a risk.
I would need more time to see trend start to develop for a position on american airlines, as we do sit under Resistance.
Premarket is doing good, but I'm not looking at this from an intraday perspective. I say let it develop.
