AAL
Additional down indication for AALHistorically when the Coppock Curve reaches this level, the stock drops an average of 12.9% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
AMERICAN AIRLINES is groundedHistorically when the Vortex Indicator reaches this level, the stock drops an average of 13% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
Anglo American looking for some more downHi Everyone, AAL is looking corrective so we are waiting for it to break out of the lower trend line or bounce again off the top trend line. Once the trend line is broken we will be watching it on a lower time frame for a retest or consolidation before placing the sell order.
AA Trying to find support / RSI DivergenceLets wait for it to bottom and see the volume on the recovery
American AirlinesBullish momentum divergence forming on the daily chart. Price hitting a new low, while momentum continues to improve.
Use a trailing stop loss on the trade.
Target 1: $33.00
Target 2: $40.00
Bear Advanced Pattern FormationWe expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
AAL trying to break out of downward channelNASDAQ:AAL showing signs of trying to break out of a downward channel pattern. AAL has a strong support @ 35. After bouncing off this support making an attempt to break out again. Good buying opprotunity
AALThis is American Airlines, not my favorite sector but a good breakout, the only issue so far is volume is not huge. Potential run higher and looking at the options the Jan 45c are 3.65 with a break even of 48.65 by Jan 16.
Is it going to run out of Fuel? Bearish Bat completionWith the drop in oil prices, $JETS, the new ETF that holds airline companies like Delta ($DAL), American Airlines ($AAL) and southwest airlines company ($LUV) had a very nice rally during the month of July.
The $ETF rallied all the way up to the 88.6 Fib level to complete a bearish Bat pattern and declined from there.
The pattern's targets are 23.5$ and 23$ which also come with daily support zones.
The current price level offer about 1:1 R/R ration for the short position with stop loss above X and 23.5$ as initial target zone.
This might work with the bullish scenario I posted earlier for oil
AAL Day Trade Retest Gap (Brad Reed Mar16,2015)AAL expected to open at 49.88 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
AAL - A Chart Requested With MannersI will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist.
I want to thank the requester of this chart, a complete stranger, for using his manners :)
Let's move on the the request for a chart of AAL.
Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in the first month. After that it was off to the races. All the green circles on this first uptrend line are places you could have began a position or added to your position. Notice the two red circles at the top of the uptrend line? Those are there because I would say that is where the downtrend begins.
The first red circle is the first time AAL "closed below" this "adjusted" uptrend line. It only took AAL two days to get back above the uptrend line. This action kind of negates the fact that it closed below. But those of us who watch stocks know this may have been a precursor for things to come. The second red circle is when the downtrend actually begins.
AAL stayed in this downtrend for about three months. There were several places you could have gone short if you short stocks.
In October of 2014, AAL gapped up over the downtrend line. From there it ran all the way to the old highs of about $44.50. It danced along the resistance line for several trading days before gapping up again. This time the gap up led to a choppy mess. But there is no way you could have seen that coming.
After the second gap up, if I was making good money in AAL, I would have adjusted the uptrend line to where you see it on the chart. The original trend line would have been steeper. It would have touched the bottom of the candles just before the gap up over the resistance line at $44.50 ish. This adjusting of trend lines isn't for everyone. I will do it if I think a stock may continue higher AND I am already making a fair percent return on my original investment.
At the top of the uptrend line you will notice a red circle. This is the first time there is a close below this uptrend line. Even though AAL wound up going higher from there after a pullback, I probably would not have been involved. I am pretty consistent about getting out of the way when one of my trend lines is breached.
At the all time high (January 2015) you will notice another red circle. This is really where the downtrend begins. I only know this because time has passed and there are more candles to evaluate. In February you will notice another red circle. AAL tried to rally back to the all time highs and failed. This failure allows me to draw the downtrend line. I extended it to the extreme right side of the chart because I would say price is following this downtrend line for now. I like to say the downtrend line is in control at this point.
Notice the word "wedge" on the chart? AAL will break out of that wedge at some point. Either above the downtrend line or below the support line at $46 ish. When the price breaks the wedge & closes outside the wedge, you can follow it if you choose. The chances are good that the stock price will continue in that direction.
I hope this chart helps. Thanks again for requesting it.
I Want To Draw A Chart For You!
Put your requests for a chart in the comment section of this idea. I will post them as I have time.
AAL Bear call spreadDue to divergence, a small pop in oil, a gap, the prem, the time frame, the location (all time high) and small weakness in other airlines.
AAL Day Trade Swing Trade (Brad Reed Jan12,2015)AAL expected to open at 50.65 for a Retest Gap. Could be a bearish break away gap for a swing trade. To learn to trade this strategy for free, go to www.RealLifeTrading.com
