Fasten your seat beltsBeyond the market lows, maybe the aeroplane shares will rise. After consolidation in December, there is a break-up momentum and I expect to see there will continue.
This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
A1G trade ideas
AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here.
The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity.
Now, let’s see the daily chart:
Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again.
This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful.
Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates!
Thank you very much!
AAL 2021-01-23AAL has broken out of its 1.5-month bull flag consolidation, backtested, and is currently sitting on top of the 20 EMA .
In Elliott waves , it is in a 1-2-1-2-1-2.
Technically this is as bullish as it gets.
Fundamental risks
1. Vaccine rollout has been slower than planned
2. Earnings is on the 27th.
Conservative PT is the bull flag equal legs target of 23.
SL under 14.66
BOUEY TAH FLYING DEB!! ~ AAL 45% Upside (Detailed Idea)Bears Dr. Fauci is no Longer in the Main Stream media! Time to Bear on something else, Tech maybe for political drama !?
NASDAQ:AAL performed the worst between other American Listed Airlines in 2020.
Given the Jerome Powell Printing BRRRR or Inflation where more and more people are looking towards Risk On Assets in a cheap interest rate environment where a leap of new capital pushing the markets to newer highs.
The 2019 28$ Traded Stock is at least in my opinion only, should be back at 30$ valuation post COVID.
TSA reported that Holiday season showed a 50% drop in passengers which brings us to todays on the money traded price at 15$.
Countries have started running out of vaccines to administer and others are speculating that "The Back to Normal" is this Summer even if vaccines are not rolled fully where businesses are no longer quite around the world on beaurocratic intervention in the markets without stimulus such as movie theaters, barber shops restaurants on main street.
AAL 22$ Valuation is justified as this is a price we have seen AFTER COVID just 6 months back.
Today we got vaccines being announce in many countries, one with cheese and the other with barbeque sauce ... some countries are offering their people to choose which vaccine to take The US Pfizer / UK AstraZeneca / Chinese Who Cares! ...
Back in Q3 we have seen a proliferation in the amount of bookings and sales through Royal Caribbean Cruse lines, Norwegian and Carnival Cruses while hotels are have shown much better improvement in bookings and restaurants are back to business now.
Yes UK with their problems and updated virus woes to keep big pharma liquid is normal.
Note:~ I/We have a large position in AAL American Airlines 15.68, which by the way is cheaper than what directors purchased their shares in February 2020 which was around 25 - 18$.
$AAL | Bullish Inverse Head and Shoulders$AAL formed a bullish inverse head and shoulders. Watch for upside continuation.
This trade is similar to the setup I shared earlier on $BA (see my idea below)
Targets on chart.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Bull Flag Earnings 1-28 BMONo telling what earnings will be..and not sure how market will respond..Long entry is 16.07 or where you see price clear top trendline of flag. It helps if it does so in an uptrend to boot..
A flag should be a short term pattern, less than 3 weeks in formation. If a flag goes on too long, it will get too heavy and pull the flag pole down (o: Look at the steepness of your pole to see just how long of a flag that pole can support.
A flag looks like 2 parallel lines that tilt against the trend. A tight flag is often better than a loose flag with lot's of space between price(candles). A pennant looks different and looks kinda like a falling wedge (falling wedges are longer in formation than pennants ) attached and the trendlines tend to converge at the apex. The yellow ABC is there for illustration purposes with C being possible low of the flag, A being the beginning of the pole and B as the end of the pole. If you were trading the flag verses the ABC pattern, after flag breaks upper trendline, then C would be a possible stop.
There are several ways to compute targets..You can use the magnet and move your pole to the low point of the bull flag (high point of a bear flag ) or some take the length of the pole before the flag is formed and add it o the break out level of the flag. I cheated for this write up because since this flag has not broken out, I do not know for sure where the low point is yet but I am already in this stock. There are other methods as well but i do not know them ..lol and 2 is enough for me. I try not to get overloaded. I have found the forementioned methods yield approximately the same targets for a true flag depending on the size of the flag and the pole. This flag could possible pull back some more and form a longer flag as the pole would support it (unless it got eons long that is). Break out would be a break of the upper trendline and an uptrend for a bull flag .
A flag may appear close to the top or mid way in the price trend but you really need a general uptrend leading up to the flag. Sometimes the flatter the base, the larger the break can be (ie. not a humongous pullback)
By no means a recommendation
AAL PT $18, $22 or $12Been watching AAL for quite some time. with Biden coming into office, i anticipate bailouts all over the place as money doesnt matter anymore.
I am looking at 3 plays on this
AAL 02/05 expiry:
20/25 call debit spread
Risk $100. Max profit $7900
17/25 call debit spread
Risk $100. Max profit $2300
15/25 call debit spread
Risk $100. Max profit 900