$AAL American Airlines Reversal Trade
Stochastic in reversal
Histogram rising
Maybe all the bad news has been laid on teh table.
1AAL trade ideas
FundaTechno Analysis | Earnings tmr, oversold, value stonks?The worst of layoffs and restructuring is priced in, I am thinking it will not take much during the earnings call to improve investor outlook. Even if results are mixed, the expected stimulus (catalyst) will include airlines. House/senate is "negotiating" the final deal this week, with an announcement prob sometime next week. Tight stop loss from $11 in case of invalidation.
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Long AALALL reached important support at 11 USD. I'm waiting for comfirmation form MACD to take long with TP 25 USD - 3th Elliott's wave.
AALshortsqueeze
0.236 fib resistance - 13.56
0.382 fib resistance - 16.85
0.5 fib resistance - 19.51
I'm long in AAL till $24 and $27This is no trading advice, only ideas sharing.
At some point, ALL has to fill in the gap at $27.
So far, the channel looks good and I expect a bounce soon. The first target should be $24, where there is some resistance. If it goes through, I expect the gap close at $27.
Considering the upcoming earnings tomorrow, everybody is expecting for losses.
It may drop short for it may be a fake drop.
Of course, there is the change to see a double bottom at $8.
But, I'll stick to my plan and sell at $24.
$AAL - Point of control area (11.55$) That point should be the support following the VPVR indicator.
Next horizontal and critical support should be around 10.98 -10.16
DO NOT BREAK THE PRICE OF 10$
not for any advise
Just an Idea,
OPENING: AAL AUGUST 21ST 10 SHORT PUT ... for a 1.02 credit.
Metrics:
Max Profit: $102/contract
Max Loss: $898/contract (assuming stock goes to zero)
Break Even/Cost Basis: 8.98/share
ROC% at Max as a Function of Notional: 11.4%
Notes: High implied at 171%. Looking to wheel this if it doesn't stay above 10 (i.e., acquire shares, cover).
AALWatch for AAL hit of this line. This would be extremely bullish, if your entering make sure there is bullish volume🔥🔥🧠
AAL invalidatesMy count invalidated ~12.3. I give two scenarios I see. I'm leaning to a bearish outlook at this point.
American Airlines: Getting closer to demand levels Gonna rocket with upcoming news on successful covid-19 vaccine tests.
The more it stays side-trending in current levels, the more powerful pump will become, once price breaks out of curved triangular formation into safe range colored blue.
Anyways, zoom out to see where the green support zone comes from, because it is based on key lowest parts of the chart.
AAL - WEEKLY VIEWIT WOULD BE REALLY NICE IF IT WOULD DROP DOWN AND GIVE US BULLISH DIVERGENCE ON THE WEEKLY TIME FRAME. WE'LL HAVE TO SEE HOW LOW IT CAN GO TO DEVELOP IT OR NOT.
AAL - UPDATETHERE'S ALSO SOME GAPS TO BE FILLED LOWER SO BE CAREFUL OR MAKE SURE TO HAVE STOP LOSSES SET.
AAL, D, Long Broke out of the falling wedge. retested the support. Now, should continue to move upward. Any good news, would be a good catalyst.
AALLast time selling volume where here , it follow with strong rise up .
MEANWHILE with VIX Index Journey to 25% start and giving other american index stability on the right levels -which is perfect for pre-election , and all the world hoping and following covid-19 drug news.
ITS buy and hold trade for 2 weeks it would be your responsibility to find the right exit or if u any thing like me
i will hold it until i see it next year at 80 price for share .
which would be at that time very normal when we watch airline Companies passing the corona-virus disaster and Travel restrictions .
it would grant huge safe for high yield and this would make it much much attractive for investors and Speculators
AAL turns bullishAAL leaning towards bottom being in. Waiting for a 5 wave impulse and correction to confirm.
AAL - UPDATEEVEN THOUGH I GOT STOPPED OUT OTHER DAY....BACK TEST WAS COMPLETE AND HIGHER LOW MADE, IT'S UP 9% PRE MARKET TODAY.
$AAL American Airlines Bulls Jump Onboard
Bullish reversal setting up
Potential Targets
- $13.75 Yearly Horizontal resistance
- $14.30 previous pivot point
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