AAL trade ideas
AAL buy strategy1. R1 $23.00, R2 $25.00
2. S1 $21.50, S2 $23.00
This is a long term buy and hold strategy. After waiting for 2 weeks, AAL indeed consolidated from its last high to a better entry level. The optimal entry price is $21.50 with long term target of $25.85 and beyond. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at $the last closing of $22.00
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
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Good luck and big profits.
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
If you like the idea, subscribe and like it.
Good luck and big profits.
NEW POSITION. $AAL Target 26.07 for 13.45% $AAL Target 26.07 for 13.45%
Or double at 19.89
This one is an easy trade always... a little low%... wish there was a divy here... haha 😂 Just typing out load...
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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.
I start every position with 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.
TARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 daysTARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 days
I didn't get to publish this one the day it sold because I had published too many charts that day 🤣 So here it is now a little late... I'm not even going to mark it short because it's too far away from that top now...
AAL long term play strategy
1. R1 $25.00, R2 $25.85
2. S1 $23.46, S2 $22.44
This is a long term buy and hold strategy. AAL has fallen from its last high of 25.85 to 24.24 with little signs of slowing down. Wait and see if $23.49 get tested, this can also be the area where first entry can be made with small position sizing only. Should it continue to fall, $22.44 is the next level to watch out. The optimal entry price is $21.00 with long term target of $25.85 and beyond. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at $23.49.
AAL Week of 6-7 Perfect bounce off of the $24.24 support line, still maintaining its current uptrend. I’ll be looking for a push upward towards $26. So far it has failed to break over the $26 level 3 times in the last few months. If it can find a way over $26, the next resistance is $27.
If it were to break under $24.24, the next supportive areas would be $23.73, then around $22.65
AAL Channel ContinuationAAL looks to be in a near term uptrend channel. Largely due to recent upticks in travel #'s as we hit peak numbers of travel not seen since pre-COVID.
If inflation data next week doesn't heavy impact broader markets we should see a continuation of this uptrend. Negative impacts on oil/consumer spending from policy changes could be a break of this trendline and invalidate the trade.
Indicators
MACD turning
CCI at bottom of channel