AAL trade ideas
AAL the maker is trying to make a tricky chartThe best is risk management and also stock capital management , why ?
This chart is full of opposite translation and opposite meanings and different probabilities ,
I give you the main levels of support and resistance , targets for all patterns ,
You should do the best according to the movement and breakout that may occur ,
Except the mainly trending AAL , It is still tricky ..
Take care and have my best wishes ..
AAL broke out of the flag pattern and is heading higherNASDAQ:AAL broke out and is set for some considerable gains. Anticipated price action and targets are shown on the charts, stop daily close below 19.5$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Buying opportunitiesAmerican Airlines’ second-quarter revenue was US$7.478 billion, a year-on-year increase of 361%. On the books, we see that American Airlines turned losses into profit this quarter.
After studying their guide for yearly revenue and calculation. Watch out for two buying opportunities for AAL.
(1) $19.6-20 (2) $15-18
For self-education use only. Not financial advice.
Potential Bullish Elliott Wave B Correction for AAL?Signs of confluence:
1) Bullish divergence on MFI (similar to RSI but factors in volume)
2) Touching low end of bollinger bands.
3) Looks like a squeeze on the MACD. Ready to cross in a direction.
Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).
🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)
Next add is at - 17.82
After that there isn’t that much support so FIB makes next add after that 15.60
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAL FOR 19TH JULYAAL has finally broken below $20.00. I have been waiting to add to my current position (which entered at around $19.70 last week) for four weeks already. Patience does matter for blue-chip stocks such as this one. And adding gradually instead of all-in at once is also true. Will be looking to add more shares at 19.20ish and then at 18.62. The optimal entry point is around the $17 mark but at this point nothing is for sure.
I am posting ideas for our discord's trading group's weekly report, hence one ticker will be written every Sunday. You are welcome to follow us at STONKS UP CAPITAL (6000 MEMBERS ALREADY)