AAL: Falling Wedge - price is breaking outAAL: Falling Wedge - price is breaking out
Target 1 = 15.70 - 16.00
Target 2 = 118.50 - 18.90
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AAL trade ideas
AAL - LONG SETUPAAL - SHOWING BULLISH ENGULFING CANDLE AT THE 78.6 RETRACE LEVEL. LOW RISK ENTRY FOR LONG
AAL Pop and dropThink we have another drop, but bottom could be in. This move up today doesn't look like a great impulse yet so assuming another low. Will lean more bullish if breaks above ~12.2 and then ~12.7
AMERICAN Airlines Technical Analysis - ALLNASDAQ:AAL
Based on Technical Analysis, the idea is to go short.
AAL close to expected BottomAAL appears to be close to finish a 5 wave move to have a bottom in wave C. Watching to see if it breaks above ~12.25 with an impulse to turn more bullish
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.
AAL American Airline, an imminent breakout is coming.Following the price action of AAL during the past days, it's clear that Bears failed to retest the lows which I was highly anticipating around 10.30 in fact it made an impressive strong rebounded today from 11.41 low on decent volume. RSI pointing sideways at 42 after bieng downward sloping.
On average volume, today's reverse price action for me is bullish (over the short term) despite all the negative news and sentiment surrounding the Airline industry in general.
My view will be confirmed by a break above 14.29 which was 1 July high, which should be followed by a test to 18.44 then finally a test of 5 June high @ 22.8.
I need to see a decisive breakout of the downward sloping trendline tomorrow or Friday before planning any bullish trades.
This analysis isn't a recommendation and readers should be aware of the high risk involved in trading and must perform thier own analysis before taking on a trade.
I owned a straddle at 13$, got out of the put leg today with a profit, so now I am left with a free call option at 13$.
I don't own AAL stock and I have no plans to owning it for the next 72 hours.
Wise trading everyone.
$AAL - Seems like strong Support Level 12.63 - 12.2 Resistance level - 14$.
Positive trigger for long, with closing above 14$.
Not for any advice, Just an Idea
AAL Tight squeeze - Breakout in either direction prediction: AAL will move a lot tomorrow, which way is always unsure, but the indicators saying UP
American airlines stock will shoot UP tomorrow from FOMO and then sell off after the fomo train leaving people holding stocks all part of the plan.
sell before the sell off.
If AAL dips more then it present a good opportunity to buy dip while its already overselling!
GL trading
may the trump pump be with you!
American Airlines AAL waiting for lower lowStill think we haven't gotten to a wave C correction for this impulse. will reassess if it breaks above ~13.
AAL> hit major support
> made higher high
> anticipation of a higher low that will lead to expansion phase?
> wait for trigger
American Airlines - AAL StockThe idea is to hold - The Majority of analysts are on Sell.
Red line shows a tentative trendline against the Analysts sentiment
