LUV on WatchHard to miss this massive head and shoulders pattern forming. Has bounced between two chop zones, but looks weak.
May target: 48-49
Airlines
Alaska Air Group, Inc. - Looks Juicy to take a Long Position.Looking over the one week chart we can see that a bottom might be in and indicators suggest that we're in for an uptrend. Furthermore, we seem to have a prime catalyst with earnings coming up - any stroke of good news and guidance could send this thing higher. Expect a peak if other airlines do well in the coming weeks also.
RSI: Shows oversold on the weekly
Momentum: Showing that its currently trending to the upside.
MACD: Shows that we might be looking at a cross in the coming weeks making for positive upside in the future.
Will keep this updated.
DAL: Fly the Earnings Friendly SkiesDAL is in the midst of a uptrend that will be setting higher highs. They beat on earnings as a player in the airline carrier industry while Boeing and Spirit Aerospace and Airbus and other aerospace manufacturing stocks are taking a beating from a combination of the 737 Max crashes and resolution process as well as President Trumps talk of taxes on the European Union from their backing of Airbus with subsidies.
Delta's already been riding high on high expectations from those holding, to expect a little profit taking from the short term holders scared of a recession, but I expect their uptrend to continue. There was a slight dip yesterday due to background beta activity of the entire market dipping a few percentages, but it's just going to act like pulling down on the plunger of a pinball machine.
For technicals, everything is strong. They're above the 200 day average but not so high that I expect a fast reversal. ADX and DM+ are showing a strong upstrend forming over the last week or two with a likelihood to continue onward. RSI is a little high already in the 70s, but I expect it to either hit or come close to 90 before any stagnation on this current earnings reaction. They're walking up the upper Bollinger band right now and it should widen up quite a bit before narrowing again when the holders decide if they're in for the short or long haul. Also, the 20 day average has begun to cross the 200 day, and the 50 day average is quickly closing up behind it as well.
American AIR (AAL)(NASDAQ) Sel $33.45 >>> Target $31.45NASDAQ:AAL
American Airlines Group Inc. (AAL)
---
Sell - $33.45
Take Profit - $31.45
Stop Loss - $34.45
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Take Profit = +5.98%
Stop Loss = -2.99%
Delta riding below previous supportDelta did a slight drop below the 57.49 support. It has created a new horizontal support at 56.96.
I'll do a more in depth update later.
Boeing: Will it fill the Gap next week? What's next?It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap.
The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap.
It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips.
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Delta looking bearishAs predicted in my last Delta post, we had major gains today. But alas, it is looking slightly bearish as of this post. If we close below the bottom of the fan/resistance line we will be looking for a possible dump.
Look for gains in Delta (DAL)When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15 AM PST. Major changes (in relation to breaking resistance zones/trends) will end FOR SURE at 8:30 AM PST.
United Continental Holdings Inc (UAL) - Head and Shoulders SHORTAirline stocks have been poor performers, despite the short term pullback in crude oil recently experienced.
UAL's peers seem to be in an downtrend and with the formation of the head and shoulders formation, any break of the neckline would indicate a short.
Additionally on the chart above we have the MACD turning negative , RSI falling and a daily squeeze pushing to the downside.
Previously similar price action has played out with price breaking from $86.00 and finding support at $78.00
Expect a BIG PULLBACK from this High Flyer, $BA | #Boeing!Expect a BIG PULLBACK from this High Flyer, $BA | #Boeing!
JET: Ready for take-offJET was by far my best performing stock for 2017/2018, and my first 5 bagger.
Chart looks like it's ready for a move again. Similar price action to this time, last year.
Resistance at 0.75 to 0.80 but that is still some nice gains if you can get a stink bid filled as tax loss season ends.
American Airlines LongLong based of channels and fibs
My Entry: 39.00 (any entry above this is fine)
Stop Loss: 35.50
PT: 50.00 area
Risk/Reward: 1:3
Passengers are requested to fasten their seatbelts. Y'all should be aware of the inflight safety instructions.
NDQ: AAL American Airlines 28 day ascending triangle NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13.
Stop-loss: $37.78
For safer entry, a break with confirmation above $40.47 will give a better risk reward.
A break below SL will nullify this bullish take.
American Airlines AALOn the weekly, $AAL has fallen out of the channel. Currently I have 2 support levels that might hold. The head and shoulders might also be at play now. Most likely the lower level will be hit.
$AC.CA - Short Term - BullishBounced off $22.55
Resistance at $25.75
MACD crossing
5,15 EMA crossing
Needs to hold $24.25 for staying bullish
Airlines: Ready to take off Jets is a ETF of multiple airlines. ALK is Alaska Airline which was a huge winner since 2010 but has now had a fairly long sideways consolidation. I think they both are primed to go up again. If buy now you could use any daily close <then the current weekly low as a stop.
some authors notes:
seekingalpha.com
seekingalpha.com
Consider buying DLAKY Good opportunity here to see price movement. Lufthansa has dropped by -5.61% since the last trading day.
The average target price for this stock calculated by the analysts is €31.10 (provided that market is in bull mode).
Deutsche Lufthansa has a trailing twelve months PE ratio of 8.5 and P/CF is 4.5 (which is better than the industrial sector average)
Deutsche Lufthansa is an inspired choice for value investor!
I don't assess much risk of plummeting, but markets are not reasonable now. So be cautious when bears again dominate the market.
Price might fall down to 20EUR in the worst case (20% loss)
*Investments can go up as well as down and involve the risk of loss."
$AAL American Airlines Multi-Year BreakoutAmerican Airlines is breaking out of a multi-year trading range. $56.20 is high of the range and should act as support.
Price target 1: $70.39
Stop: $54
