Aallong
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.
AMERICAN AIRLINES IS GOING TO HELL !??Dear Traders,
For my first stocks analysis i would like to show you what could be a nice opportunity with AAL !
Really simple chart but we don't need more !
Back on the 02th June 2008, remember it was the period of the World financial crisis (2007-2008), AAL hit its first lowest point at 2.36 $.
1 year later, AAL hit its second lowest point at 2.29 $.
From these two lowest points till the 1st February 2018 with a top at 52.98 $ ALL had a nice Uptrend !
But since this top AAL has been crashing & it seems it is going to hell now...
What thinking about this !??
Is it the right moment to buy the stock or is it better to wait a little more & find a better opportunity ?
In my opinion, I see 3 different opportunities to buy the stock with a long-term vision.
And one bad scenario that i don't really want but which is possible too !
1st opportunity :
If AAL extend its Downtrend & hit the first white line which is our first target with a low point at 6.99 $.
You could buy at this price level !
2nd opportunity :
If AAL hit the second white line with a low point at 4.45 $, You could check to buy the stock around this price level !
3rd opportunity :
AAL maybe could crash deeper and reach its lowest area between 0 $ & 3 $.
If this happen it will be the best entry point ever to buy the stock !
Now the bad scenario :
Ok so, if buyers decide to buy the stock massively in the next days or weeks.
I'm fucked LOL !
But let's be (optimistic) because of the COVID CRISIS, and the situation nowadays all around the world for the Airlines company, I really don't believe that AAL could rally soon again.
Remember also that Warren Buffet likes AAL (it's an undervalued company) !
In short, AAL could bring you a nice opportunity to buy it in the next
months !
So, be patient & ready for a nice opportunity !
I hope you'll like it !
Please don't forget to support me by a following & a like !
Take care !
Thanks & see you !
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.
AAL Watched as AAL shot up to a big supply zone. Tagged it and rejected right away. Was a quick move but was able to get some good fills on puts right away for a nice swing back down after rejection.
Think it will bounce around for a bit but no trade plans until price drifts back towards either of the demand/supply zoneS. If supply, since it was such a very brief tag, I think it can hold up. But, then again with the stock being so beaten could even see a gap and go over it.
