AAL trade ideas
AAL - GREAT Buy Opportunity !!Hello! Friends,
-This would be a great Buy Opportunity, IF AAL open above the Daily Resistance line at $22.17.
AMERICAN AIRLINES - 20% Higher Since our postYou don't like stocks?
Well, your bad.. AMERICAN AIRLINES is up over 20% since our post towards the end of April.
With Indices, Oil, Gold and Silver offering us an incredible opportunity (dip) to buy because of covid, American Airlines is still one of the last 'hidden gem opportunities' of the Coronavirus volatility.
Expectations? To hold for later and higher. First to 30$ and then higher.
the FXPROFESSOR
$AAL - COVID Recovery Gap Fill to $27?Was watching this for a while, but generally dont get involved in airlines. Today AAL has broken out of its ascending triangle, a bullish sign that may give this steam to fill the gap near $27. No position, but if you were interested, stop loss and target are included on setup.
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
AAL Fib LevelsFibonacci levels definitely had a big influence on AAL price action the past week. On Friday price broke down through .618 with volume. Last time this happened on 5/20 it went down to .5 level ($22.28). Looking to short on Monday if things are bearish.
AMERICAN AIRLINES - Up 12% since last postOne of the last 'Hidden gems'' trades of the covid era, American Airlines could be a nice flight to Money-Land.
With airports opening and people around the world ready to fly and travel again, AAL stock is up over 12% since last post and technically the price is in an ascending channel and should rise to test the 30-32$ resistance with potential of breaching over towards the normal 50-55$ levels.
Let's travel guys and don't forget to visit CYPRUS for your holidays.
(come visit me in Limassol)
the FXPROFESSOR
AAL: bullish MACD crossover applicableRemains a risky trade.
MACD bullish crossover on the daily time interval supports the trade idea.
A trough in the momentum also supports a bullish trend direction.
A price action above 21.43 supports a bullish trend.
RSI reading of 50 leaves enough room for further upside price potential.
Squeeze soon? Recovery stock bullrunIt’s about time to have AAL get new money and trap new money. Price is consolidating in the bottom of this channel for quite some time now. Prediction: invesrse h&s pattern. I’m expecting an impulsive move soon similar to last year in june when it jumped 100% in a short period of time. The golden fib pocket is sitting at ~39.40
Just be carefull because aal has been very disappointing I have yet to see it outperform/fight back when the market dumps. But I believe we will see a transition from overvalued techstock to undervalued recovery stocks to balance things out. GL
American Airlines summer comeback szn?Would like to see rsi kick back in for this stock and a nice recovery pattern, however it could keep falling to lower lows.
$AAL Weekly rangeAmerican Airlines is currently in an impulsive wave higher on the weekly timeframe. The daily chart shows the start of a slow pullback before continuing higher, but the current trend suggests a continuation from this range. As long as we don't go lower than 14.68 way below the weekly range, AAL's long bias will still be on target. Lagging span and green cloud all look very decent for a bigger move.
5/10 AAL(1) support 20
(2) short-term target: yellow gap zone above (~27)
(3) I think jets related will rally up, it is near the end of consolidation
Breakout imminent?!It is the 4.th time we are touching the upper resistance.
We also have a nice triangle pattern and got above the 2 EMAs.
There is only major risk, the overall market is overextended. If it corrects, it might pull AAL down as well.
American Airlines still in a downtrendEqual measured move takes us to 6$ or 2.8$, and we are still in a downslope channel
AAL - Recovery of initial price at 30.72 The initial reference is the start of Covid 19.
Start Price: 30.72
Target: 30.72
Actual Price: 21,47
Almost 50 percent.
$AAL Target 24.99 for 16.67% (No position - charting for friend)$AAL Target 24.99 for 16.67%
Or next add level is at 17.85
@M_Asim_Qamar This is how I would play AAL... In around here... and if the market still keeps going down double at 17.85 ☺️
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAL: Ascending channel, earning call, and more!It's a bad day for AAL, but a fantastic opportunity to buy calls. RSI is oversold, sell volume is low, and the price is within the uptrend channel. My only reservation is the earning call on Thursday that I'm sure is not going to end better than UAL. So is this the time to YOLO on AAL? It's a little risky so maybe a straddle?!
Any thoughts?
$AAL | Double Bottom Retest & Bull Flag$AAL formed a flag above the neckline of a bullish double bottom.
Watch for upside continuation
$aal short term bullish for the month of mayamerican airlines is holding well above expectations travel is booming again people are spending money, oil prices are up and here comes the summer boom. over sold at $24 bucks but would be nice to see a move above that tons of short float always lingering over aal so no surprise for a quick pop this month
AAL. warming up.I am mostly just trying to keep my TA fresh. I am starting to find this is a really relaxing process for me.
On the fundamental front, I don't think I like airline stocks at the moment. I read that airline stocks typically perform poorly when oil prices go up. I feel like oil prices will probably go up in the Biden administration only because that is a historically democratic thing to happen.
The ABC correction got higher on the B wave than I would have liked, and lower on the C wave. This makes me think it might be not an ABC correction.
I have been noticing that corrections often don't require a third wave down, and this has already but in 2 down waves, so I think it's likely that 2 up waves might follow. This idea is supported by the lower trendline respect, which is hard to bet against at this point. The uptrend to this point has been a strong one.
I think it could likely be a bull flag we are looking at right now, followed by another upward wave.
