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Airlines

Jets with good risk reward ratioThis is one of the industries mostly beaten down by pandemic. As we have now positive news about vaccination I think this industry due upside. Another bullish sign as per technical 20MA cross above 50MA and 50M above 200MA. Most of the airline stock ticker has a similar chart pattern. As per chat setup, this has a good risk-reward ratio. Play strategy - Buy around 22.06 which is the nearest support. Stop-loss 20.56. - Potential target 29.25 where the gap - P:L = 32:6
AMEX:JETSLong
by fqalogtrader
JETS flagging on new channelTechnical Analysis On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside. There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30. I am using a stop under the 10sma to take partial profits. Fundamental Analysis The market is a forward looking mechanism, with the path of the recovery setting a potential comeback for Airlines for Spring; JETS is fundamentally undervalued right now.
AMEX:JETSLong
by dorfmanmaster
AAL - Got Any More Of That Stimulus Yet?If you check back in with our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. The airlines are still patiently waiting for additional aid from Congress which will be a huge move up for the whole sector. While there has been support on both sides for further stimulus, there's still certain disagreements that have led to an elongated standstill forcing airlines to cut costs where it can (furloughing employees, cutting flight paths, leaving cities, etc.). Will still say this, more people are definitely flying now than the previous months. This past weekend alone, TSA said it screened more than 3 million travelers at US airports (1,047,934 on just Sunday), which made it the busiest travel day since the pandemic started. While this is good news, these are numbers are still 57% below 2019 levels, but it's a start. TA: At the moment $AAL is hitting resistance at 3 major levels for us: Our down trendline in purple since October 2018, The daily 200EMA, and .618 Fib level. A break in these levels would bullish and we would look for the new support resistance after this. Updated Targets: 1. $17.20 2. $19.36 3. $22.00 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
1
Is Air Canada ready for lift off?Looking at the #AirCanada stock there seems to be a couple things at play. #AirCanada is stuck in a downwards channel that has yet to be broken, it has flirted with the .38 fib a couple times but never clearly broke through and stayed above. The first bearish idea came from the idea of a downwards variant of a rectangle or flag/pennant, but looking closer #AirCanada may have printed a bull flag and it has just broken up. My only issue is the possibility of a bearish divergence on the hourly and there is not much room to grow on the stochastic or RSI but other than that #AirCanada break's though our .38 or #AirCanada shoot's back down to the bottom of the rectangle. Until #AirCanada makes a clear break up or down my prediction is this stock will be stuck in its channel until further news of pandemic lift or revenue increase. GL
TSX:AC
by CryptoTheory
AAL Still Choppy NASDAQ:AAL has been moving between 11.30 and 14.13 since earlier this Summer. Election time is truly the moment of truth. With a second stimulus bill in the works the main question that remains is when? Higher lows on the CMF shows that initiative for buyers is clearly there, comparatively to other dips it has formed a similar pattern. The earning beat is positive for AAL however furloughs have been hard on the workers and the company is clearly struggling. There is reason to believe that airlines will recover nicely with stimilus as we have seen recovery across the board with House elections more clear. Once stimulus hits there will likely be another big buyback likely followed by a dump. The area I would look to hold AAL until is around 19.38, I have enough reason to believe that area will be liquid for the stock and create a pullback. A strong push above this line (likely a result of an innovation of product or vaccine development) could lead to the line serving as a moderate support until we have more information. AAL is a strong buy above 12.05. These lines were drawn on historical price action, however it is important to note since the initial COVID-19 low and swing high the Fib levels have matched up nicely with these levels
NASDAQ:AAL
by crawfordpaul
$LUV - Elliot Wave Theory- Wave 5 Push to Price Target of $42+ Follow me for MORE PICKS! Welcome to Tony's Picks I enjoy analyzing charts and have come across this interesting idea that I would like to share for discussion. After our March - May crash I spot a quick trend to completion followed by a typical zig zag (5-3-5) counter trend. If this idea proves true I see us continue another trendy move and enter a long wave 5 in orange and wave 3 in black. Seems like this could be a long wide wave as airlines try their best to recover from our recent lows. With talk of stimulus and airline bailout plus southwest having a notoriously conservative balance sheet I see Southwest getting back to normal quicker than their competition. Personally will be looking to DCA over the next couple of months. ***At time of writing this post I DO own shares of Southwest ($LUV)*** Curious if there are any thoughts and/or comments, I read all feedback! Thank you and if this content was useful to you please follow! Click to my profile to see all my other posts for more free stock analysis. (Disclaimer: I am not a financial advisor and this is not investment advice, this is my opinion only and is solely for entertainment purposes)
NYSE:LUVLong
by TonyPicks
1
XSPA Our patience is running out and ready for a break outFor the past 24 trading days the RSI has been trading in the 20-30 range and yesterday (9/28) is the first day it reached slightly above 40 signaling more confidence than it has in the last month. The volume traded today, Sept. 29 (2.1 million, RSI 41.51) was 3 million less than the day before, Sept. 28 (5.1 million, RSI 44.51) which I am going to assume the bulls shook out the last of the bears. The Bollinger Bands are coming to a squeeze after bouncing around for the whole month of September trading in a tunnel between $1.66-2.12. XSPA needs news... bad. Were tonight's debates about a vaccine enough to push this back above its 50 day trading average of 2.79? XSPA needs GREAT news to push this up 47% so it can begin trading above the 50 DMA, as it has been since August 6 since the last time it traded above the 50 DMA. Current support of 1.66 used to be resistance prior to the news of XSPA contract signing with JFK airport on May 22. The breakout from a bullish flag often results in a powerful move higher, usually measuring the length of the prior flag pole but first this must past resistance (R2) of 2.12. Once this has been achieved, (R3) 3.74, and (R4) 4.74 should soon follow. It is inevitable that business is picking up, people need to travel for work, people WANT a vacation AWAY from home, and airports will forever be accused of being a breeding ground for sickness and disease. There is NO reason XSPA's COVID testing/wellness concept at airports will fail unless it fails internally. Yes, I am a bag holder for now, but you cannot lose if you do not sell. I believe this is a long hold at least until after the election which brings us to holiday travel. If XSPA is operational at all major airports for holiday travelers, just maybe it can break its 52 week high of 8.82
XLong
by VelvetBarbie