AAL Short 03/1 - 3/10Wednesday close at 16.19.
Short on AAL with Target 1 - 15.78; Target 2 - 15.61.
StopLoss or Roll 16.99
AAL trade ideas
Decaying IV and stagnant marketsThe airlines have been pretty quiet lately with the year being primarily sideways trending and relatively unchanged.
Although earnings have been well the IV has remained low all year long. With potential to the upside remaining plausible there is not currently a push of buyers entering new positions.
Remaining neutral with a slight negative bias for the next few weeks based on current market conditions
AAThis has got to be one of the most beautiful charts I have seen yet. This is ready for an explosion. Massive bullish pennant. Stoploss 15.50. Tarhet 22 this is a beast close above 17.30 and this is long gone, rocket boots jet packs and smash the NOS
American Airlines (AAL) Elliott Wave View Favoring the UpsideCycle from 10.3.2022 low in American Airlines (AAL) is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave ((i)) ended at 15.18 and dips in wave ((ii)) ended at 12.23. The stock resumes higher in wave ((iii)) towards 17.64 and pullback in wave ((iv)) ended at 15.73. Internal subdivision of wave ((iv)) unfolded as a zigzag structure as the 45 minutes chart below shows. Down from wave ((iii)), wave (a) ended at 16.01, bounce in wave (b) ended at 16.74, and wave (c) lower ended at 15.73 which completed wave ((iv)).
Wave ((v)) is currently in progress but the stock still needs to break above wave ((iii)) at 17.64 to rule out a double correction. Up from wave ((iv)), wave (i) ended at 16.81 and dips in wave (ii) ended at 15.91. Stock then resumes higher in wave (iii). Up from wave (ii), wave i ended at 16.45, and dips in wave ii ended at 15.92. Stock resumes higher in wave iii towards 17.32, and pullback in wave iv ended at 16.79. Final leg higher wave v is ongoing to end wave (iii) before a pullback in wave (iv) and higher again. Near term, as far as pivot at 15.73 low stays intact, expect the stock to resume higher again.
AAL American Airlines Options Ahead Of EarningsI you haven`t bought my last call on AAL:
the you should know that Looking at the AAL American Airlines options chain ahead of earnings , I would buy the $16 strike price Puts with
2023-1-27 expiration date for about
$0.36 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
AAL INVERTED HEAD AND SHOULDER ON PLAY WITH A MINOR PULLBACKAAL did a nice neckline breakout after the inverted head and shoulder formation. We are expecting a minor pullback towards the highlighted zone to retest and accumulate more buying pressure. If the pullback range holds the sell-off above the level which can support a nice bullish reversal, then we can expect the trend to continue upside down and complete the structure.
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AAL approaching 4 year downtrend Trendline is pretty strong on both sides (Support and resistance)...
think of all the negative news in the last 4yr for airliners and this trend has never been broken. One will give way later this year , probably 3 Qt. With two bottoms forming on this monthly I think AAL might soar after retesting 11-12 one more time.
What brought me to AAL was the squeeze this stock underwent last week. Once AAL closed above its daily 200sma for the first time in a yr
and the bears got squeezed.
1.Overbought on every daily indicator
2. Approaching 4yr trendline around 17.40
I'm looking for a pullback to close gap at 15.38
If it drops below 15.30 chances it retest that 200sma at 14.70 is high.
If it drops back below 200sma then we're are headed for 12$
AAL like most airliners move in tandem with DJT ( Dow jones transport)... I posted a chart on it, check it out!.
It's been a while since I've traded airliners with exception of Boeing. I'll be looking to short AAL for the gap close this week..
I'm thinking 15.50 P
1/27
Stop loss 17.50
American Airlines keeps rising - AnalysisAmerican Airlines' stock kept rising in the intraday levels, while buoyed by piercing the downward trend line recently in the short term, while buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore I expect more gains for the stock, targeting the resistance of 15.70, provided it holds above the support of 13.20.
AAL H&SHead and shoulders pattern in motion, can target 12ish area for the end, possibly lower following a measured move
#AAL 2-2 reversal in monthly chartHello dear Traders,
Here is my idea for #AAL
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Company under observation AAL SHORTHello guys, I share my next trade idea, the price has been forming a head-shoulder shoulder on the trend line, the rsi has shown to be bearish, we will enter when the price breaks the base of the neckline, which would be around 13.25, once Be it so, we will look for the profit as indicated by the books, the height from the neck to the head, which would take us to 12.00, a price that has already been rejected previously, we must keep this company under observation since it can be a good entry.
AAL We made 70% in a weekTime to jump over and move to the next trade. We sold our position with more then 70% profit.
Check out my user page
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AAL American Airlines Options Ahead Of EarningsLooking at the AAL American Airlines options chain, i would buy the $15 strike price Calls with
2022-11-18 expiration date for about
$0.46 premium.
Looking forward to read your opinion about it.
American Airlines Group flying up to $16.93 Inv Head and Shoulders has formed on Daily chart
We are just waiting for the breakout which will send the price to Target $16.93
With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
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 ).
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AAL - Short term flag play! Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up.
Momentum is in Bulls Favor (Daily, and Weekly)
It looks like a possible easy move up to resistance that could pay well.
Also, a break thru could be explosive.
Pros :
Predictable Chart here
Everything almost in favor
Con :
Daily Candle
Earnings tomorrow 9/20
2X $AAL TP2 HIT for 20%! (PERFECT SETUP)I STATED BEFORE THAT THIS WAS A PATIENT PLAY FOR A REASON! We have been in this since Aug. 17th, the put sznn has arrived!
2X $AAL TP1 HIT for 12%! (PERFECT SETUP)$AAL is going to keep selling btu i am glad i got people in early just in case it reverses! Lock in profit and continue to get in low-risk trades on this setup!
AAL I am bullish on AAL and I believe that it's a good buy, especially at this price. If I were to enter on current price I would put my S/L at $11.50 and my T/P at $25
#AAL long idea at monthly pivot support$AAL Price finds support at monthly pivot line.
Close above 13.93$ triggers idea with profit target 15.7$ and stop 13.5$. Risk Reward ratio 4.9
2X $AAL 1D Tech. Analysis!AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
