AAL - Double bullish missing right shoulder divergence on DailyLong trade on American Airlines group
Double Missing Right Shoulder Divergence
On the weekly The impulse is yellow and allows the trade
On the daily I see a bullish double missing right shoulder divergence, Stochastic RSI curling up on the daily, prices also diverging with MACD lines and EFI.
On the 4H Timeframe Thers is a triple bullish divergence as well, including MACD-lines and EFI divergence.
Stop loss is 2 ATR levels away on the 4H timeframe.
Entry 9.85
Target 1: 12.61
Target 2: 13.99
SL: 8.31
R/R ratio: 1:1.85 to 1:2.44
I had my entry on 9.82, but that was missed by 3 cents.
Let’s see if we can get in tomorrow.
AAL
Swing Trade Idea AAL (1Month Horizon, 25%)TA: RSI, MACD in the Weekly chart shows that sellers are covering their positions. 4H Chart is also bullish.
Fundamentals: As the economy reopens and US provided financial support. Its fair to say that airlines are not going bankrupt or nationalized. Also mergers in the airline space may be on the books here in order to "save this critical US industry".
From a risk management , if AAL reaches 25% of All time high market cap we are @15 ( 50% upside) with a tight SL @9 (-10% downside) this trade is simply too good from a risk/reward perspective.
NOTE: Always do your own research before trading. This is simply my opinion of the market.
Still We Have a Great Chance in AALWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
This is going to be a perfect sign for gains in AAL market. Look into the highlighted eclipse and good place for a long term buying opportunities. price has been locked at this point for AAL and where I see a great potential ahead after economical come back! Sketch up your own trade setup before you take off. Our Previous selling banked with 100+ Pips and Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview 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.
AAL "LONG" possible double bottom Airlines have been with so much bs that it has fallen extremely hard... weak earnings for AAL and Warren Buffet stating Berkishere has dropped all airlines stock from their portfolio. Although there is a great reason why this stock is performing horribly, I have the slightest belief that perhaps we see another bullish movement coming soon. There is no reason why it should go up, but my TA tells me it should and most likely will if we hold $9 or even gap up the next coming days.
The only concern I have with this long is the descending triangle formation, I find it very unlikely that we break out of it.. the only way I see this occurring is with a good PR stunt from Donnie Pump.. We have now had this low challenged since 2012 or so... great opportunity imo
American Airlines Group - AAL - HoldNASDAQ:AAL
Technical Analysis:
Wait signals to go short (As per major trend)
Let's wait for one more day to check if the price will close below the support line to confirm a potential breakout point; i.e. a downward penetration of the support line. (Go short) - this Idea is supported by the Fundamental Analysis as well.
I would not be so confident to go long. It is still a possibility as the price could bounce back on the support line (against the fundamental).
2008 PRICE LEVEL WAS 1.75 USD circa and aircrafts were flying - the current crisis should be worst than the 2008.
American Airlines Group - AAL - Not time to buy (yet)Long Term analysis shows a bearish market.
Short term analysis, the trend is sideways, (it can be seen as continuation pattern - so the market should keep going down).
The best option is to wait to see to test/break the top resistance(s) and then decide if it is possible to go short.
#AAL ANALYSIS.. BEARISH IN LONG TERM.. I think there is not much to say about #AAL.. Due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult situation.. The cash flows of the airline companies are seriously disrupted and this situation seems to continue for a while, in this context, we can see much lower levels in the stock price..
Also, if we approach the situation in the technical scope, the symmetrical triangle draws attention on weekly chart, this is very bearish for American Airlines in longterm..
Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
AMERICAN AIRLINES GROUP INC (AAL) Monthly & WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
JCP "Long"Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price!
JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a bullish short term sentiment making it pump big :)
I think this is a great opportunity and should just set a stop loss at .20 to .21
Potential reversal up the upside or downtrend continuation. What is LUV?
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier
if your bullish on the airline sector, you can take long position here or around $30.41.
or short it at $31.
but if overall market goes bullish, we could see
1st target around 34.57
2nd target 38
3rd target 46
JETS propelled past channelJETS is breaking a bear triangle formation channel, with very high volume as seen in chart.
In the chart you can see the next resistance drawn. Which are the 200 and 50 simple moving average.
OBV has been trending higher, making higher lows, and is following the channel drawn.
JETS is an ETF holding airline stocks, its portfolio top 4 holdings and % weight are:
LUV (13.66%) - Southwest
AAL (12.49%) - American
DAL (11.00%) - Delta
UAL (10.52%) - United
Total= 47.47%
AAL "Long" I had a long from 10.02 but closed it at 10.80.. then I noticed AAL broke some resistances and also the channel it was sitting on which made me buy some calls for tomorrow! American Airlines earning date is on April 30 which is probably when the big shorts will come in..
Airlines have been one of the worst-performing stocks lately while many other companies that are closed have still pumped.. maybe its time AAL shines for a couple of days!
Resistance lines are shown, we ideally wanna keep 11.14 holding if we are going to shoot for 12+ tomorrow.. maybe FOMO will get to people who knows..
Good Luck!
RISKY AAL "LONG"We have a pretty strong resistance at $10.. we have broken it once which resulted in a 40% BOUNCE! I bought some calls in hope of a strong bounce.
Earnings date is 4/24 (on Friday) which will make this a risky long, stop loss for traders would be 9.05..
Good Luck! I am not a professional.
BOEING "SHORT" (neutral risk)I see a perfect opportunity to short Boeing, at around $144-150. There is a descending triangle forming, I'm expecting a fall to the 120s.. potentially even lower. Stop loss is set at the resistance line which is $150 (a break which invalidates the descending triangle.)
There is a possibility airline bailouts occurring could ruin this trade. I believe airlines won't open up any time soon and will continue to suffer no matter the bailout. I am expecting the trade to work well.. worth the risk in my opinion (expecting this after hour PUMP to be shorted).
AAL Showing a Good Sign with its Market BehaviourWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
This is going to be a perfect sign for gains in AAL market. As of it failed to break the diagonal support it has formed. Look into the highlighted eclipse and good place for a long term buying opportunities. Sketch up your own trade setup before you take off. Our Previous selling banked with 100+ Pips and Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview 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.