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Is American Finally Cleared for Takeoff?American Airlines has struggled for years. Could it now regain lost altitude? The first pattern on today’s chart is the falling trend line along the highs of May, August and September. The carrier pushed through that resistance last week and has now bounced at it. Has the line become support? Next is the recent low around $12. This closely matches the 78.6 percent Fibonacci retracement level of the entire rally between March 2020 and May 2021. (For the sake of visual simplicity, the other retracement lines are not shown.) Including the low in June, AAL has also formed a double bottom around the same price level. That’s another potential sign of sellers losing control. Third, the Relative Strength Index has shown positive divergence over the same time period. Finally seasonality and fundamentals could be in play as travel rebounds into the holidays. TSA data shows daily flights consistently back above 2 million per day. AAL also reported strong quarterly numbers last week (echoing the results of peers like Delta Airlines and United Airlines ). TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AAL
by TradeStation
SABR 50% Upside - 3-6 Months HorizonDisclaimer: I/We are heavily invested in Sabre with some of our group have locked in profits and reinvested at below 14.5$ and has been averaging down. I have started buying $SABR in the 12.5$ range and have now averaged around 12.2$. Sabre has been one of those Airline / Tourism companies that are still down due to travel restrictions. Why Sabre and not any famous airline that has been collecting Government stimulus cheques and loans at 0% Interest levels, I hear you ask? The worst Airline was American Airlines $AAL still is 50% below its 2019 30$ish recovery price, however, AAL is a business that had been called out for Bankruptcy at some point but was bailed out while the other airlines don't offer the same returns discussed here. Sabre on the other hand comes with a Great Global Reopening Story and a Google Growth Hopes to carry forward, We all have seen the fans this past week cheering the Football match in Copa America and Euro Cup in London showing that people are back travelling, however, countries with less progress with vaccines and/or policy screw-ups has hindered the Airline industry generally. British Passports for example being compared to Uzbekistan or something of that sort. We do not expect Sabre to pull great numbers this Q2 also as The Airlines + Tourism sector is spinning their heads just to understand policymakers guidance. Actions that are not good on SABR recent insider trading activity is the President and CEO - MENKE SEAN E action Year to Date of Selling almost 5M worth of Stock. This is a Tech Company with Airlines Valuations in my opinion and has been inking agreements and continuing partnerships with various airlines and tourism outlets to offer. We believe the Google story may be overhyped however we believe the potential is very possible as this is a company with such large access to data and stretches its arms around the Airline and Tourism sector where both has been looking to evolve post covid. I shall be updating this Idea for when significant impact up or down, feel free to Troll, disagree or agree RESPECTFULLY!
NASDAQ:SABRLong
by AlAlawiAlawi
1
AREC Stuck In Traffic...againAREC caught a nice pop in daily trading volume over the last few days/week. But this 786 fib line remains a sticky area of traffic that is still a clear area of resistance on the chart. This week has been a busy one for American Resources. Updates include progress on its battery recycling initiative with Purdue University achieving 99.5% purity of lithium, cobalt, and nickel. In addition, the company acquired additional mineral reserves for its Deep Mine at the Perry County Resources complex. These reserves include an estimated 10.1 million tons of mineral resources. AREC Stock Forecast Clearly, American Resources has become a part of the budding reopening trade. Thanks to global economies piping money into infrastructure redevelopment and new projects, raw materials are at the core of the supply chain. In light of this, would it surprise you that analysts are bullish? Right now, HC Wainwright’s Heiko Ihle has a Buy on AREC stock with a price target 80% higher than opening trading levels on Friday, which is $4.
NASDAQ:AREC
by PennyStocks101
Carnival Is Fighting HigherReopening stocks like cruise lines have fought higher in the last month. Now Carnival has pulled back, giving a potential opportunity for buyers to get on board. The main pattern on this chart is the series of higher lows since mid-July, followed by a breakout above $24.50 last week. The level is near the high in December and the low in March and May. It may now be turning back into support. Next, the 50-day simple moving average (SMA) is rising again. Notice how CCL advanced the last time this line turned positive in November. (This chart includes TradeStation's Moving Average Speed custom script.) Third you have the tight volatility squeeze before the breakout last week, with Bollinger Band Width falling to its lowest reading since late 2019. Finally, today’s low almost exactly matches the 200-day simple moving average. Getting back above that line may suggest the longer-term trend is bullish. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CCLLong
by TradeStation
2
McDonald’s Sneaks Toward a BreakoutMcDonald’s has been inert for most of 2021, but now it's showing signs of a breakout. First, MCD established a new closing high on Friday. Aside from Salesforce.com , it was the only member of the Dow Jones Industrial Average to achieve that feat. It also happened despite making a lower low on Monday. Buyers quickly materialized to defend the burger giant, resulting in a bullish outside week: Third, MCD has been coiling for a potential breakout since July and holding support above its 50-day simple moving average (SMA). Next, this year’s price action has mostly represented a consolidation above the October 2020 high. Old resistance could now be established as new support. Finally, MACD has turned positive in the last two weeks. The bigger picture could also be helpful because reopening stocks jumped last week as coronavirus infections declined. There was an additional catalyst in the casual-dining space after Darden Restaurant (parent of Olive Garden) hiked its guidance. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:MCDLong
by TradeStation
RIG Continues In Its ChannelI put this RIG chart together earlier this month and it continues to hold true. No major consolidation just a channel trade with higher lows getting put in. With global shipping becoming a bigger point of interest right now RIG could be one to watch (assuming they don't do something stupid like raise money at a drastic discount). "the oil demand this year has only started to rise in the past six months. This is a clear reflection of the effects of the pandemic coming to an end. While no one knows exactly when the pandemic will end, it looks like people are beginning to resume travel internationally and domestically. For this reason, many investors are betting on the future of the energy industry. Whether this is enough to make RIG stock worth watching is up to you." Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
NYSE:RIG
by PennyStocks101
Are the Bulls Shopping at Macy’s? Macy’s has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer’s chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in the towel. Next is the rising 50-day simple moving average (SMA), which M has also held. In addition to the 50-day SMA, prices are now crossing back above the 8- and 21-day exponential moving averages (EMAs). That could indicate the shorter-term trend is turning more positive. Finally, the macro backdrop is potentially favorable. One thing is the obvious boost to retail from the economy reopening. Companies with lots of debt and short interest can also benefit as extreme fear unwinds. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:MLong
by TradeStation
1
Waiting for $CELH to skyrocketI like the way $CELH is looking right now!! After dipping on earnings report, where expectation were too high, the company is bouncing back. IMO the selloff was due to a few factors coming together: - Broader market selle off and repositioning, - increase in 10 years treasury yield, - inflation pressure From a stock prospective, $CELH had some issue with inventory management, in the sense that they could not bring enough products on shelves or stores. This was due, not for a problem with distribution, but the way that the company sells to stores. Because they do not keep inventories, after the demand surged, there were no product available.. On the plus side, I believe that if the company can fix this temporary problem, is well position for the future. I like $CELH especially because is a mix of growth and re-opening stock. From the technical side, MACD just turned positive and RSI is trading in the mid range. I will be waiting for volume to kick in before adding in a meaningful way. However, for transparency, today I entered a small position of 1000 shares and look to increase in the weeks ahead on any pullback or on any positive news. As usual, do your own DD Happy hunting!
NASDAQ:CELHLong
by aristocks
The stairway to profits. All reopening roads lead through GOOGLFrom the the whole year of 2020 Google didn't really keep up with its peers(even though 26% is awesome in my book) I think we have a pretty good break out here, we have well defined support lines if it turns out to be a soft break out. I got into some calls expiring May 21, the position is already up 29%, gonna sell half at 33% and the rest I'm gonna let run. Feels like a lot of momentum on this name. The position has moved very fast, beware only invest what you don't need right back, get a number in mind and stop out. Always feels good taking profits, still trying to figure out how to let them run more. Thanks folks!
NASDAQ:GOOGLLong
by Rollie12
Bullish Triangles Across Reopening StocksFrom Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays. Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also notice how it briefly tested under that level, along with its 50-day simple moving average (SMA), before quickly rebounding. That price action now resembles an ascending triangle, with a series of higher lows and resistance around $61.25. This has the potential for upside continuation. Similar activity appears LYV. The concert operator has also formed a set of higher lows while holding its 50-day SMA: Hoteliers Hilton Worldwide and Marriott International have danced the same jig without even touching their 50-day SMAs: Ditto for Norwegian Cruise Line , Royal Caribbean , MGM Resorts and Caesars Entertainment : An ascending triangle also appeared in auto-parts supplier BorgWarner . It’s not exactly a reopening stock but it is the kind of cyclical value name that investors seem to like these days. Overall these aren’t very glamorous stocks, but they are all showing similarly bullish patterns one quarter into the new year. Will they be the leaders in Q2? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:LVSLong
by TradeStation
CHWY: The Covid Re-Opening Is Not Going To Stock This Tail WagChewy has taken a breather since it hit it's ATHs in mid Feb. This is a secular drawdown due to the recent rise in rates that has hit all high growth stocks. There is also a perception on this name that it is a "Covid Play" and that it won't continue to gain market share and grow at the same rate during Covid. Yes- CHWY did get incremental growth from Covid lockdowns, however new pet owners who have always used CHWY are not going to start going into Petco to get their food, toys, medicine and other pet related items. They will stay with CHWY. I think CHWY has developed a strong support level at ~$100 and any dips below that should be bought. I am tracking an $97 support level as well from it's low to start the year. If it broke that $87 level I would re-evaluate the situation. My 6-Month PT is $125.
NYSE:CHWYLong
by RobertTheTrader
Downside Looming in Amazon.com?Amazon.com has been dead in the water since Labor Day. Now potential signs of a downtrend may be taking shape. The first thing jumping off the chart are the series of higher lows and lower highs beginning in September. This produced a long triangle pattern that AMZN broke to the downside late last month. That decline entrenched prices below the 200-day simple moving average (SMA). Buyers tried to defend that level on February 26, but lost the fight a week later. Then it was the sellers’ turn on March 11, turning a potential support area into resistance. Further lingering below this SMA could signal a trend change in the e-commerce giant – especially if the 50-day SMA comes down to form a “death cross.” The recent drop and lower high around $3,100 is also noteworthy because it was near the lows of mid-November-early January. Again, will old support become new resistance? Finally, AMZN’s reaction to its last earnings report showed potential fatigue. Profit and revenue both surpassed consensus. The stock tried to rally but failed, resulting in a bearish outside day at the top of the triangle. Overall, AMZN is lot like Apple at this time. Both are major long-term growth names. However, they’re widely owned and offer less benefit from the economic recovery. This is especially true for AMZN now that traditional retailers are reopening. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AMZN
by TradeStation
8
Extended Wedge Bullish Bearish Neutral?It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever? In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods and services that will flourish once the vaccination program gains momentum this year…The demand will, unlike wars and financial crisis, be met by an unharmed physical and financial infrastructure that is ready to deliver on all cylinders.” Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
NYSE:NAT
by PennyStocks101
Approaching a High Traffic Area on The ChartThe CHS stock chart is at a level where we saw some high traffic a while back. This has previously been a level of support, now apparent resistance. But can the reopening momentum act as an afterburner for the penny stock? Chico’s FAS is another apparel retailer owning popular niche brands like Chico’s, White House Black Market, and Soma Intimates. It, too, has taken up a larger focus on digital sales. In its latest quarterly filing, Soma, for instance, saw its highest sales in the history of the brand. Comparable sales were also up over 15%, and it was driven by an uptick (over 68%) in digital sales. What’s more, total company Q4 and year-to-date digital sales increased almost 20%, according to Chico’s. Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
C
by PennyStocks101
Will Reopening Trigger a final Break for AHT?I know the reopening trade idea is in play right now but how strong is the sentiment? We still need stimulus to come out, more vaccines, more everything. So where does AHT go from here? Fibs look interesting too. NYSE:AHT Aside from the industry sentiment, Ashford has been fundamentally making strides in preparation for a hopefully bullish return to the market. This included exchanging some of its preferred shares for common stock. We’ve also seen analysts take a more bullish stance on AHT. Most recently, B. Riley adjusted its price target on the penny stock. In this case it bumped the previous $2.50 target to $3 and currently maintains a Neutral rating on the company. Let's see if travel picks up this year. If that happens, I can't think hotel operators will stay suppressed. Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
A
by PennyStocks101
Mc Donalds Short-Term AnalysisConsidering it is my first Trading View post, I'd like to start by saying that I'm an experienced (5+ years) Options Trader purely based on Technical Analysis. I'll give my analysis on the price movement of a stock followed by a trade alert. Now as this is fairly for educational purposes, if you do decide to take a trade, it is your responsibility to manage your risk. If you do incur any losses, that is your responsibility too. (Not every trade is a winning trade and it is best to manage risk in order to reduce your losses and burn out your capital. Quite a common occurrence among options traders). Now when I say short-term, I usually look at the 3-5 week price action. Considering MCD 's current price action, it is safe to say that we are trading well in this triangle pattern as you can see on the chart. Now, Friday validated that pattern, finding support at the $207 level. On Tuesday, when the market resumes for a shorter trading week, we are going to look closely at the price action hoping to see the triangle intact, which if breaks, next support would be at the $206 level (Set your stop losses a little under this level). Considering trend lines in the near past term, I see the stock riding up towards the $213-$214 mark. This could happen within the next 2 weeks. (Keep in mind, earnings are on Jan 28th, 2021). We could see a pre-earnings run up higher and probably a breakout back to the $220 levels. As far as the indicators, the CCI is approaching a buy signal, however validation from the MACD is still to be confirmed. The trade : BTO Jun 18 2021 $220 Call As I said, if the stocks goes below $206, you take the loss and move on, as it is very likely that if it breaks it will retest the 200 MA. Now the expiry is 5 months out and you can choose to hold it into earnings or buy after, that is your choice. Or buy before and bank on any move prior. Good luck trading!
NYSE:MCDLong
by SDRTH95
Valero Breaks Downtrend as Reopening Trade ContinuesThe reopening trade remains in full swing as buyers target cyclical companies with low valuations. Valero Energy could be a name to watch. The oil-refinery stock has a few interesting chart patterns. First is the downward-sloping trend line in place since early 2020. VLO broke it in November and has remained above it since. Meanwhile, its 50-day simple moving average (SMA) is about to rise above the 200-day SMA – a looming golden cross chart pattern. Third, the current price zone between $59 and $60 has a lot of historical importance. It was resistance in May 2014, then support in December 2016 and June 2017. The price area was relevant again in May and July of 2020. Next, MACD and the 200-day SMA are both rising. (This chart features our MA speed custom script .) Finally, VLO has squeezed into a tight price range as it fights $60. Notice how Bollinger Band Width is the narrowest since early September. Taken together, these patterns could suggest VLO has spent weeks breaking its longer-term downtrend. It’s consolidated for a month, so now could be the time for more lasting swing to the upside. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:VLOLong
by TradeStation
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