AAL
American Airlines Count UpdateExpecting bottom in an A soon with a bump up and more correction to come. Impulse up off recent bottom looks nice
American Airlines - $AAL Checking back in with AAL to see how it's looking.
It's been a rough couple of weeks for the Airlines. Apart from record low revenues, the Airlines face another hurdle that's quickly approaching. Airline carriers are prohibited under the terms of $25 billion in federal aid from laying anyone off until Oct. 1. Under the Worker Adjustment and Retraining Notification Act, employers are required to notify staff about possible layoffs or temporary furloughs generally 60 days in advance and have already begun doing so. It's not a guarantee that they will lose their jobs but it is a warning that it may be possible. We're also watching AAL earnings expected around 7/23 this month.
TA:
AAL is breaking out of a descending wedge. We could see a nice a pump here. I would look for resistance at the 50 and the 200 MA. We like $14.29 range for a possible quick swing trade.
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AAL outlook PT is $15First support $13.80 second support is $12.85. My PT is $15 for the short term play. My swing PT is $26.72 once AAL ca reclaim the channel
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American Airlines - AALThe idea is to Hold. - Prices moving sideways
if the Target Price of 13.00 USD will be broken in the next days, there might be an opportunity to go long.
Gap filled .. next run if breaks resistance retested gap twice. watching if breaks resistance trendline. If it breaks resistance then looks bullish to me short term. target around $16.00
not financial Advisor Bla bla ...Like if Agree Thanks!
Risky Play For American AirlinesI think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play.
Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r play, but for me it's too much of a risk.
I would need more time to see trend start to develop for a position on american airlines, as we do sit under Resistance.
Premarket is doing good, but I'm not looking at this from an intraday perspective. I say let it develop.
TSLAI WOULD GO LONG OVER 1564. LEVELS ABOVE ARE 1590, 1626.
I WOULD GO SHORT UNDER 1431. LEVELS BELOW ARE 1377, 1350, 1309.
*I don't usually trade this one. If you get caught on the wrong side, your premium can depreciate very fast.
AAL - MONTHLY VIEW IDEAOR.....FELL BELOW SUPPORT. SPRUNG BACK ABOVE AND NOW RETEST THAT SUPPORT ON MONTHLY TIME FRAME !?! WE MIGHT NOT NEED NO STINKING DIVERGENCE !
