AAL trade ideas
Potential Bullish Elliott Wave B Correction for AAL?Signs of confluence:
1) Bullish divergence on MFI (similar to RSI but factors in volume)
2) Touching low end of bollinger bands.
3) Looks like a squeeze on the MACD. Ready to cross in a direction.
Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).
$AAL2 scenarios im looking at which really dont matter to me. $22 is my take profits target on either scenario. The lower it goes, the better of an entry there will be. $22, March 2022 calls loaded. Easy money. Travel stocks are over sold. Premiums are stupid cheap for LEAPS.
American Airlines: A 6% Rally Then Pullback. Stop-Loss Hit TodayMy long rallied 6% before retracing. Today the stop was hit as travel stocks come under pressure.
🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)🟢 $AAL Target 24.00 for 14.78% (Risk Level - Med/High)
Next add is at - 17.82
After that there isn’t that much support so FIB makes next add after that 15.60
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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.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 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 FOR 19TH JULYAAL has finally broken below $20.00. I have been waiting to add to my current position (which entered at around $19.70 last week) for four weeks already. Patience does matter for blue-chip stocks such as this one. And adding gradually instead of all-in at once is also true. Will be looking to add more shares at 19.20ish and then at 18.62. The optimal entry point is around the $17 mark but at this point nothing is for sure.
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AAL american airlinesamerican airlines is about to print an inverted hammer bouncing from 200 ema as ressitance
AAL Levels to WatchEnter AAL around 17.80 at a Demand Zone that bounces at 200 Day SMA. Long for post-pandemic recovery. May be risky considering delta variant. Short term bearish/ neutral, Long term Bullish.
AAL LFG!!!!!!!My prediction is that AAL will follow the red trend lines and continue to go up next week. If it breaks out of the red trend lines, then it will most likely drop to touch/bounce off the yellow line which is the support, and at that point, I might consider selling to protect my gains. Please let me know what you guys think of my idea in the comments.
American Airlines Group (AAL): Relief Rebound?Last night in New York, AAL closed the session with a 'Red Dog Reversal' candle i.e. multiple days down followed by a downside gap and then a reclaim of the prior day lows. At the start of June, the stock reached a high of $26.04 followed by a bearish reversal to trade at $19.65 at yesterday's low. I may be early here however the reward-to-risk for a moderate rebound toward the $22.00/22.30 level is starting to appear attractive for a minor 'cash flow' rebound. You'll also note the 7-RSI hasn't made a new low and is in 'NEAR OVERSOLD' territory. In pre-market, the share is +1.47% however it may pull back to provide a better entry.
Last Close: $20.35
Preferred Buying Range: $20.10 to $20.35
Stop-loss: $19.45
Target Range: $21.85 to $22.15
AAL double bottomWe double bottomed on the 1D and we should bounce here since we have a low RSI. I expect us to make a W bullish formation which should help us break resistance.
AalBig support at 18.79 and also where we are now. Could take a week to play out but if this is a bull flag we could rip back up to old high. Otherwise we may back test long term old resiatnce as new support would land 18.79 also 200 ema
AAL long opportunity is coming? www.tradingview.com
sweet spot to buy is under $20, first target would be $26 and 2nd target is $33, proximate time 40 days.
AMERICAN AIRLINES ON RECOVERY - INTERESTING - ALL - DAILYThank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea
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ALL American Airline Group >
- A slow recovery
- A strong redline roof
- A potential triangular long entry zone
- Beating some strong selling powers ranging above those past levels
As requested, my thoughts about AAL! 👍As @Bullishifter requested, I’ll analyze AAL today.
We have a consolidation in the 30min, but the pivot at 21.64 is a good breakpoint to watch next week. If it breaks it, the 22.88 is the next stop.
The 22.88 is the 38.2% retracement, and it’ll go there, at least, if it triggers the pivot.
On the other hand, we must lose the 20.90, as this might make it drop to the 19.60s. I don’t think it’ll, tho, because the RSI was very oversold, and we have some bullish divergences. Let’s pay attention to these points next week!
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See you soon,
Melissa.
American Airlines - bullish flat almost complete3-3-5 wave structure, next week should complete.
Weekly chart on the right side - self-explaining.
Have a nice week!
