AAL, TIME TO BUY?Hello fellow traders and investors, here's another trade idea.
AAL has recently pulled back to the bottom of the channel and if it makes a recovery to the take profit area it offers a 28% ROI
Technicals:
The Macd indicates that it's oversold
The RSI indicates that it's oversold
The volume indicates that the buying volume is getting exhausted and looks like we are going to get some selling pressure that's why I am recommending an entry around 20$
When To Buy:
At the 20$ range
When To Sell:
At the take profit area
Fundamentals: American Airlines engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. they have a P/S of 1.03, a sales growth Q/Q of -52.90%, an EPS growth of 62.60% Q/Q, a profit margin of -61.50% and a short float of 14%.
Rating: 75/100 since their technicals are amazing but airlines are in a very tough position right now that could lead to some of them going bankrupt however the vaccine is getting rolled out so I'm not too worried.
I hope you enjoyed this quick analysis and many more to come.
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