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AAL

AAL (NYSE) - Nice TargetGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader. Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan AAL (NYSE) - Nice Target
NASDAQ:AAL
by MultiAssetX
AAL: It's flying today! How to proceed now?Hello traders and investors! It has been nearly 1 month since my last analysis about it, let’s see if AAL behaved the way it should. First, in the 1h chart, AAL respected the key point we mentioned in my last analysis, the black line at $ 16.47 with an astonishing precision, and it hit it multiple times, without losing it. This point was a previous resistance, and it worked as a support, as we thought it would, thanks to the Principle of Polarity . And if you missed my last analysis, the link to it is below, as usual. It triggered several pivot points , the last one at $ 18.82, and we have a little gap at the yellow area. If it gets filled this week, it could be an Exhaustion Gap , and this could create another congestion on AAL. Right now, it is a little to buy it, as the optimal buy point was near the $ 16.47, and we are quite close to the target I mentioned last month, but since it is engaged in a bull trend, pullbacks to the 21 ema could offer some nice opportunities to buy too. Now, let’s see the daily chart: In the daily chart, AAL is heading to the target we mentioned in my last analysis, the $ 22.80, which is one of the previous resistances, and nothing unusual is happening here. The volume decreased during last month’s accumulation, which is a typical trait of just an accumulation before the explosion, and the 21 ema is pointing up, evidencing the bull trend and working as a support level in the future. What’s more, the volume increased in the last 2 days, and today is finally above the 21 moving average I like to put in the volume as well. These are good signs but be prepared for pullbacks, but they could offer an opportunity for the late buyers. Any pullback to the 21 ema in the daily cart as well could be a nice opportunity if you missed the entry point on AAL. And remember to follow me to keep in touch with my daily analyses on stocks and indices. And please, support this idea if you liked it! Thank you very much.
NASDAQ:AAL
by Nathan_The_Finance_Hydra
8
American Airlines - $28 TargetIt's been an absolutely wild week for everyone in the finance game this week. Let's see how the volatility continues. We're checking back in with our $AAL charts. Looking back to our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. We took a swing position and exited this one around $18.00 stop-loss. We hopped back in at the $15-$16 range and began building our position there once $AAL broke out of that downtrend pennant and retested for support. The majority of all the trading volume here has been under the $17 range. If this gains momentum, we could see a rise to the $28 levels sooner than expected along with some shorts getting squeeze on this stock as well. Keeping a close watch on this one. Updated Targets: 1. $22.75 2. $28.84 3. $34.81 Watching closely, and will come back with more updates. Give us a follow and shoot us a Like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
NASDAQ:AALLong
by MannyLo
AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here. The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity. Now, let’s see the daily chart: Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again. This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful. Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates! Thank you very much!
NASDAQ:AAL
by Nathan_The_Finance_Hydra
5
American Airlines, is 2021 a good year to invest? American Airline (AAL) has taken a major hit due to the COVID-19 pandemic in 2020, as have all the other airlines, which has subsequently destroyed the demand for air travel as people were forced into lockdown. AAL stock went from $29.32 high in February down to $8.23 low in May. Since then, the price has been fluctuating, bouncing up only slightly to the current level of $15.68. This stock is untouchable for investors at the moment, despite the progress being made with the vaccine and promises that demand will return to sustainable levels during summer 2021. The oracle of Omaha, Warren Buffet, sold his stock in AAL in Spring in 2020. Despite coining the phrase ‘Be greedy, when the others are fearful’, the famous long-term investor has changed his views regarding the future of the airlines. But is 2021 a better year to buy this stock? Financial Factors First, let us look at the company’s financials. American Airlines, which has a $9.55 billion market cap, had troubles even before the pandemic. While operating around 700 flights per day into 50 different countries, the company already had revenues falling annually by 9%. According to the Wall Street Journal, as additional travel restrictions were put during summer, AAL’s third-quarter revenue plummeted by 73% year-on-year, reporting $2.4 billion in net losses. Despite some people still travelling during the Christmas period, the demand level is nowhere near enough and the airline continues to burn through cash daily to stay afloat. Based on the projection of the International Air Transport Association, total losses for the airline industry will be almost $40 billion in 2021 and a rebound in air travel demand will only be in 2024. The projections from the Deutsche Bank and Goldman Sachs put the stock price in the range of $15-$20, advising to stay away from investing more until the turnaround in the pandemic. Technical Analysis Based on the chart analysis of AAL, price action broke a strong support level of $25 during the start of the pandemic, this level will now act as a strong resistance and will take significant buying pressure to overcome. Price has been below the 200SMA since April 2018 and 50SMA crossed below the 200SMA, known as the Death Cross, in December 2018, further signalling the downtrend’s strength. A symmetrical triangle pattern has formed once the stock hit the low of $8.23, a warning of potential continuation lower in the coming months. The lowest level for this stock was after the 2008 crash at $1.42, so there is plenty of room to go lower. Brokerage firms report increased buying of airline stocks since they became cheap enough to buy and hold for the long-term, stopping AAL from plunging lower so far. But the situation may change drastically if air travel remains restricted. So, should I invest now? The eyes of investors are on the spring and summer season. Reports from the World Health Organization suggest that lockdowns will ease once warm weather arrives in March and April. Further developments of the vaccine and its distribution bring hope to see air travel demand improve. As American Airlines announced a strategic alliance with JetBlue on January 12, investors are more optimistic that such measures will keep the stock from collapsing. For an average investor with limited capital investing in this stock right now is dangerous as the pandemic continues to batter air travel, Until the stock finds a way to close at least above $25, there is a real danger of falling into a bull trap. Best to wait until Spring to evaluate potential entry into this stock. Big banks and Hedge Funds will, of course, continue to hold AAL stock long-haul, because they can afford it. But should there be another hit in the USA and worsening conditions of the pandemic, they will immediately sell it. Important to remember, that this company is protected by the US government is unlikely to sink completely. Additional bailouts will be ready if needed. We shall know more after Biden’s inauguration on January 20 and see how his administration plans to support the airline's industry. If you found this analysis helpful, please leave a like and share your thoughts in the comments! Good Luck and Stay Healthy!
NASDAQ:AAL
by Antonio_trader
5