Long Long Long The price should go down to yellow line(13.54) or to (12.97) or to (10.34)
From these potential station the price may moving up to 19.50.
See you there
1AAL trade ideas
AAL - Short!Currently trading below $14 support, albeit slightly.
If there is a second wave and people stop traveling again, we could see airlines take a bit hit. Nothing you're unaware of.
We're banking on the uptick in the beginning of June was just a pull-back for our bigger downtrend.
A short was entered and we'll look to collect premiums at $12.
Passenger Traffic Are Recovering SteadilyEven as many international flight remains shutdown, many domestic flight are recovering especially in many countries who already recovered from corona-virus, such as China, India, Middle East and some Asian countries. Even in the USA, the domestic flight are recovering progressively. The data from flight radar shows that airline traffic are steadily increasing. However the stock price are beaten down badly and remain under valued recently. Many peoples are just focusing on FAANG stock that already been dangerously overvalued due to Fed money printing that concentrate on blue chip technological stock. In the long run, the airline stock are the one who has lot of upside potential.
www.flightradar24.com
American Airlines Group Buy! A total of 11 analyst ratings have been issued for the American Airlines share in the past twelve months. Of these, 5 were “Buy”, 1 “Hold” and 5 “Sell”. In summary, this results in a “hold” rating for the American Airlines share. On a short-term basis, based on the studies available last month, the share is considered a “hold”. During this period, 2 analysts rated the title as Buy, 0 as Hold and 1 as Sell. The ratings performed by the analysts resulted in an average price target of USD 19.09. The security thus has an upside potential of 15.77 percent, based on the last closing price (USD 16.49). A "Buy" recommendation is derived from this. The bottom line is that American Airlines receives a “hold” rating for this point of the analysis.
Note: Be careful concerning a secon coranavirus wave!
AAL Reversal AAL is currently in a downward trend, but I am thinking that there could be a reversal of the stock very soon. It seems like the recent down move could be to fill the two gaps from earlier in the month, so once that is done, the stock can move back up. There is a support level at 14.6 that has been retested several times: first on March 9th and during April, and now again in June. This combined with the recent news that Covid restrictions are being eased in a lot of states is positive news that could fuel a reversal in the stock price. The RSI indicator approaching 30 is another sign that AAL could see a bounce in the coming days.
I would love to hear feedback on my idea to improve future analysis and I am open to discussion about my idea or hear any constructive criticism.
Potential Bullish> Price closes to the cloud which means reversal
> Shortening of Volume when price going down
AALBuffett is way better at this than I ever will be, if he thinks $9 was best place to get off, i doubt he is wrong.
However, there are a lot of unusual movements lately, so I imagine this will get another bump towards $21. Ultimately, it will come back, so I am looking to add this for a weekly scalp play.
AAL: UPDATE 1 - Flag Above the Flag1.Falling wedge
2.Flag Above the Flag
TP1 @ 18.36
TP2 @ 21.82
Please don't forget to FOLLOW , LIKE and COMMENT ...If you like my analysis:)
Thank you and Good Lukc!
Primary idea:
AAL: Multiple 200MA failed testsLong down trend according to 200A
PPS stays below it. Acts as resistance.
Tested 200MA 8 times since 2018 without breaking through.
Will most likely retest 200MA again.
Could be a good entry point to short when it does.
Watching.
AAL: TWO POSSIBLE SCENARIOSAAL: TWO POSSIBLE SCENARIOS
Falling wedge
TP1 @ 18.36
TP2 @ 21.82
Thank you and Good Luck!
American Airlines still doing pullback. Just wait then buyFor stock American Airlines ( AAL ) , well I thought that cycle wave I was finished, so now price will looking area 61.8% - 76.4% as reversal zone ( DISCLAIMER : This analysis is subject to change ( with or without notice by me )). If you like to get another analysis and signal, you can subscribe my VIP service TRISULA PREMIUM. Please feel free to DM me here. Thank you
AAL - Sliding further down?Going to retest support at $13range
resistance at 18.71. Most likely a bounce after Jpow's press con.
Wait and see with your own eye Short-sellers getting squeezed, RSI is above 50 on the uptrend for a while.
