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$AAL - Drop and GoThis week I have been following American Airlines closely. My past self would’ve been absolutely horrified with what’s being going on in the airline industry, but now that my mindset has switched towards a technical approach, I couldn’t be any happier. The airline industry has both, the volatility and volume, desired to enter a trade. Here are some of my observations and conclusions: 1 - AAL heading towards its support level, which is set at 10.24 based on short term projections of 100 bars. This means the stock is ready to fall at least an extra 20% from its current price of 13.01. 2 - Resistance level is at 28 based on the same projections from above. Great room for growth within the next 6 weeks, however my exit target is set at 15$ because I am working on reducing my holding periods. 3 - For the last 3 months, AAL (and to be honest every other airline stock) has had massive price movements of over 40% which I like because even if you don’t get to ride the full wave, a 10% return per trade is also great. What will I do? Entry Target - 10.30 Stop loss - 9.00 Exit Target - 15.00 Given my portfolio size, I will be purchasing 200 shares. If my trade goes well, I am expecting a $940 from a 2,060 dollar investment. Even though 940 dollars is not much, my goal is to become really good at getting a consistent return percentage per trade. If my trade goes badly, I am expecting to lose $260. What events am I am waiting for? -For the current price to close below the lower bollinger band 20 day period using the 1 hour candle stick chart . -For the 9 day moving average to cross above the 15 day moving average using the 30 min candle stick chart. Any thoughts? Is someone else trading this stock? If so, what is your plan and what’s your strategy and exit target? I appreciate any comments from experienced day traders than can help me learn some new things.
NASDAQ:AALLong
by normaescobarca
11
AAL Reversal AAL is currently in a downward trend, but I am thinking that there could be a reversal of the stock very soon. It seems like the recent down move could be to fill the two gaps from earlier in the month, so once that is done, the stock can move back up. There is a support level at 14.6 that has been retested several times: first on March 9th and during April, and now again in June. This combined with the recent news that Covid restrictions are being eased in a lot of states is positive news that could fuel a reversal in the stock price. The RSI indicator approaching 30 is another sign that AAL could see a bounce in the coming days. I would love to hear feedback on my idea to improve future analysis and I am open to discussion about my idea or hear any constructive criticism.
NASDAQ:AALLong
by tenniscat305
3
SAVE: Strong Fundamentals, Bullish Technicals 1W (Jun. 19)X Force Global Analysis: In this analysis, we take a look at Spirit Airlines, a company leading the ultra low-cost carrier business in the US. We explore the company's fundamentals, as well as its technicals to assess its bullish probabilities. Fundamental Analysis - Spirit Airlines (SAVE) has shown an extremely steady growth over the past years. - Their revenue and net profit showed a steady increase throughout time - However, as with most other airline companies, Spirit Airlines was also heavily hit by the Corona Virus (COVID-19) - As a result, they have underperformed in terms of quarterly eps, in Q1 2020 - Nonetheless, as the stock market continues to bounce strongly, and the effects of the virus begin to mitigate, we see signs of a continued bullish rally - With businesses slowly returning back to normal, given that Spirit Airlines' financials remain intact with the current upwards trend, we could anticipate higher returns this year, compared to last year. Technical Analysis - Technically, the stock is extremely oversold - It has broken through the historical support at $33.13, testing new lows - However, as it dropped so severely, it has dropped in a choppy manner, creating multiple gaps on multiple time frames - The easiest to spot and refer to are the gaps on the weekly: there are gaps at $10.74, $40.42, and $51.95 - Prices have been trading under the Ichimoku cloud, indicating a bearish trend, for over a year now - We have two significant resistance lines: the short and long term descending trend line resistances marked in a dotted red line - The Relative Strength Index (RSI) is forming lower highs, as prices are suppressed by an external factor - the Corona Virus (Covid-19) - However, the Moving Average Convergence DIvergence (MACD) has formed a golden cross, with immense bullish histograms, demonstrating momentum and strength in the bounce What We Believe Spirit Airlines is a rather unpopular stock, with surprisingly strong fundamentals and financials. Technicals demonstrate 3 main areas of resistance: at $33 levels where the short term descending trend line and historical resistance converge. as well as the upper span of the Ichimoku cloud. The second major resistance lies around $40-42, where the previous local high at the 0.618 FIbonacci retracement remains with the price gap. Lastly, there is strong resistance around $51-55 where the 0.786 Fibonacci retracement, and price gap lie, with the long term descending trend line resistance converging. Eyeing these three major areas of resistance will help investors enter positions based on confirmations provided by the trend reacting to these levels. Should we break the final resistance, it's highly probable that SAVE moves to retest all time high levels, and possibly even create new highs. Trade Safe.
SLong
by XForceGlobal
✈ Delta Air Lines Test Support. (DAL)💰 Man these airline stocks are in nice setups for some serious plays. Almost identical to Boeing as we are now sitting right above the long term support green line. If we break above the red line that we are currently under that would be a breakout attempt to go long. Break below green we look for a short. Line up the ema dots and the Crossover strategy candles for a breach and color confirmation. Use previous break level as stoploss. Best of luck, 🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
NYSE:DAL
by UnknownUnicorn2319099
15
18.6.2020 DAL - DELTA AIRLINES NEVER GIVES UP! Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: Today we take a look at Delta airlines, which, like many other airlines, was knocked out with the arrival of COVID-19. State aid and the slow easing of restrictions have helped keep the company below its pre-pandemic price. We are in a resistance zone that will react for some time, but of course in the long run the DAL will move higher to its original values. Think about it over the monthly chart and the result will surprise you. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
NYSE:DALLong
by Lucas_Sochulak
2
JETS ETF - Robinhood Rally At Risk.JETS ETF has gapped down and fallen below its upward trendline. Price action is seeking a higher-low level to establish support. Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance. Resistance 3 area: 21.28 to 22.04 Resistance 2 area: 19.14 to 20.15 Resistance 1 area: 17.11 to 18.13 Support 1 area: 15.95 to 15.01 Support 2 area: 14.11 to 13.02 Support 3 area: 12.04 to 11.05
AMEX:JETS
by NoFomoCharts
Why I KNEW Airlines Are Going Green On The Open?- 06/11/20 RECAPHi traders, Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance. But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money! Trades: 1) GOLD, LONG @25.71, -1.05% 2) MRNA - LONG @64.55, -0.55% 3) CSCO - SHORT @45.98, +1.38% 4) PENN - SHORT @28.94, -1.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.29% Total PnL for the week: -3.34% Good trades, Tom | FINEIGHT
NASDAQ:PENN
by Fineight
2
$ALGT short term sell or long term hold? NASDAQ:ALGT Personally I've become a fan of this stock. I've slowly started getting into conservative long-term investments with gains from quick swing trades. Relatively good dividend yield stocks in a solid market seem to naturally be my choice thus far. However with Covid-19 still lingering in many countries, travels markets like airliners can still be considered a risky investment. Especially one of the 'smaller' companies like Allegiant. I've flown Allegiant quite a few times, and I have family in the industry. They're more of a budget airline, and there's plenty of complaints to be found on the discomfort of riding Allegiant. That said, in an industry where not all of the average citizens can afford to participate in, ALGT is common, effective compromise to affordable flying. But I'm getting off track. ALGT has seen a nice rally lately. I've been trying to determine if I should take profits or continue to hold, considering this is really a more long term investment choice. I'm likely going to take some profits quickly and look to enter around the ~$90 area if this setup continues to play out. If that plays out, it would be amazing to see it come up and reach for the target price of $150 right around the next Earnings report. Hopefully at that time we'll have a better idea of the current state of the market and be able to use the earnings to help determine the plays for the future. I'm not the most confident in taking profits now, as I'm trying to keep this in the long term section of my portfolio and this rally could continue on through the week. But after seeing solid gains so quickly, I'm siding with playing it safe and selling in an effort to secure the continuing trend of gains I've been lucky to have since March The beauty with a company like this in one of the stronger markets, and with a decent dividend yield, it's hardly ever a bad time to add ALGT to your portfolio if you're willing to hold onto it for awhile. If anyone has any critiques, opinions, etc please feel free to comment & like this simple analysis! ~~Possible quick sell opportunity, with a reentry in the $90-$100 range ~~Overall target price ~$150 around Earnings next month
NASDAQ:ALGT
by NillaCoin