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AAL

AAL - Algorithm HypothesisThis is my hypothesis to find the optimal entry point, based on algorithmic patters observed following this stock: The optimal entry point is when all the following events occurs: 1) Price closed below the lower Bollinger band (20 day period) 2) The (support) is relatively close to the lower Bollinger band. In this case, lower Bollinger band is at 12.11 and (support) is found at 10.24 3) The 9 day moving average is above (or crossing soon) the 15 day moving average. 4) Therefore, the optimal entry point lies within the lower Bollinger band and (support). In this case the entry point should be anywhere between equal or greater than 10.24 and equal or less than 12.11. That gives us a total variance space of 1.87 dollars (which is not great because I believe the variance space should be less than a dollar, however we are getting close) So, how do we deal with the variance risk? By following this amazing advice I got yesterday from user techserve2020 : enter your trade slowly, meaning you buy small amounts as you keep observing the stock. So for example, I want to purchase a total of 200 shares of AAL, so I will buy 50 first, observe what happens, buy another 50, keep observing and so on and so forth, as long as the price does not trade below the 10.24 already established and doesn't exceed the middle Bollinger band, which I believe is at around 14 dollars. I think this is really good advice because you are minimizing your risk, while still being able to enter the trade completely. This is the equation to back up my theory: if < ; < ; < < Where, P = price, LB = lower Bollinger band price, S1 = (Support) and E = optimal entry price Let me know what you guys think? And if there's a coder out here, can you help me turn this pseudocode into syntax code? I appreciate all comments and thoughts!
NASDAQ:AALLong
by normaescobarca
2
$AAL - Drop and GoThis week I have been following American Airlines closely. My past self would’ve been absolutely horrified with what’s being going on in the airline industry, but now that my mindset has switched towards a technical approach, I couldn’t be any happier. The airline industry has both, the volatility and volume, desired to enter a trade. Here are some of my observations and conclusions: 1 - AAL heading towards its support level, which is set at 10.24 based on short term projections of 100 bars. This means the stock is ready to fall at least an extra 20% from its current price of 13.01. 2 - Resistance level is at 28 based on the same projections from above. Great room for growth within the next 6 weeks, however my exit target is set at 15$ because I am working on reducing my holding periods. 3 - For the last 3 months, AAL (and to be honest every other airline stock) has had massive price movements of over 40% which I like because even if you don’t get to ride the full wave, a 10% return per trade is also great. What will I do? Entry Target - 10.30 Stop loss - 9.00 Exit Target - 15.00 Given my portfolio size, I will be purchasing 200 shares. If my trade goes well, I am expecting a $940 from a 2,060 dollar investment. Even though 940 dollars is not much, my goal is to become really good at getting a consistent return percentage per trade. If my trade goes badly, I am expecting to lose $260. What events am I am waiting for? -For the current price to close below the lower bollinger band 20 day period using the 1 hour candle stick chart . -For the 9 day moving average to cross above the 15 day moving average using the 30 min candle stick chart. Any thoughts? Is someone else trading this stock? If so, what is your plan and what’s your strategy and exit target? I appreciate any comments from experienced day traders than can help me learn some new things.
NASDAQ:AALLong
by normaescobarca
11
UAL Long Trade Setup ( Technically ) Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
NASDAQ:UALLong
by Profitlio_Trading
$AAL - Strong flag pattern set-up in American Airlines. I like the support zone here in $AAL for two reasons. They raised capital at a price of $13.50/share and obtained super favorable terms on bonds that won't be due for some time. The volume today was over half the float. That is the third highest volume day in the last year and typically those can be followed by rapid rise type follow through. Three of the biggest banks on WallStreet are running the $AAL offering and they are not likely to allow the stock to fall below the secondary offering price. This gives American plenty of liquidity to navigate back to profitability as we exit Corona travel restrictions. There was a really strong flag pattern in the daily on the stock. I expect it to create another post. Possibly as soon as tomorrow and think that move could be worth up to $3.24/share. **This is all strictly based on my own opinion and analysis. Do your own research.
NASDAQ:AALLong
by pohaus
AAL Reversal AAL is currently in a downward trend, but I am thinking that there could be a reversal of the stock very soon. It seems like the recent down move could be to fill the two gaps from earlier in the month, so once that is done, the stock can move back up. There is a support level at 14.6 that has been retested several times: first on March 9th and during April, and now again in June. This combined with the recent news that Covid restrictions are being eased in a lot of states is positive news that could fuel a reversal in the stock price. The RSI indicator approaching 30 is another sign that AAL could see a bounce in the coming days. I would love to hear feedback on my idea to improve future analysis and I am open to discussion about my idea or hear any constructive criticism.
NASDAQ:AALLong
by tenniscat305
3