AAL
AAL (AMERICAN AIRLINES GROUP INC) LONG SET UPTITLE/(DATE)- BUY AAL
(American Airline) (9/23)
ASSET- STOCK
ORDER TYPE- market first/BUY LIMIT
Time Frame-1Week
ENTRY PRICE 1- $11.50 market ✅
ENTRY 2- $8.50 (pending)
STOP LOSS- $7.50 (40 PIPS)
TAKE PROFIT 1-$14.50 (30 PIPS)
TAKE PROFIT 2- $19.50 (80 PIPS)
TAKE PROFIT 3- $23.50 (120 PIPS)
STATUS: 🏃🏽♂️ACTIVE 🏃🏽♂️
AAL Non-MovementDirectional plays within some of the airline stocks have now become obsolete as volatility has dropped significantly for the sector. The last three earnings reports have all been in at a loss with final reports being slight better than estimated. The market is expecting the worst right now which is in turn affecting the stocks ability to rise.
1 standard deviation range set to monitor price range for Iron Condor strategies.
AAL technical analysis - big move coming in next few weeksAmerican Airlines is consolidating atm in a triangle and bounce back perfectly on gann fan 1/8th support line. Target for this breakout will be $17.87 target that lines up perfectly with 200 MA / 161,8% fib level and 1/4th gann fan level.
On top of it all we have fundamentally speaking big news coming too that will be the catalyst for this breakout - AAL got a confirmation from Mark Meadows to receive the bailout money which will be announced in the upcoming few weeks.
Risk to reward is very good too since you can put a stop just below the 1/8th gann support and the momentum on fast stochastics is making higher lower consistently too.
TSLATSLA TESTED THE 405 LEVEL 3 TIMES TODAY, AND FINALLY BROKE UNDER GOING INTO CLOSE. TSLA IS CURRENTLY DOWN 26 AH. THE 405 BREAK WAS PRIME ENTRY FOR PUTS. IF TSLA STAYS UNDER 385 IT CAN SEE 368, 359 NEXT. TSLA IS DOWN 24% FROM THE HIGHS THIS WEEK. SO IF YOU'RE NOT ALREADY SHORT I WOULD BE CAREFUL.
AAL - Airlines May Be Waking UpJust sticking to TA at the moment for this one as their are plenty of Fundamental reasons not to touch the airlines just yet.
TA:
AAL seems to have found support around that $10 area. We're looking at that 200ma in white to see if the stock gets stopped or if it rips through. Watching closely.
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AAL American Airlines Group | SWING - 21. AUGU. 2020Hello Traders Welcome Back.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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