AAL, TIME TOU BUY?Hello fellow traders and investors, here's a trade idea on ticker: AAL
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American Airlines has recently sold off to to the trendline that acts as a support, if AAL makes a recovery to the take profit area it offers a 16.50% ROI.
Technicals:
The RSI is oversold
The MA's are still in a downtrend
The 80SMA has previously acted as a key level for AAL and is currently acting as a support.
When To Buy:
When the moving averages crossover
When To Sell:
At the take profit area
Fundamentals: AAL 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. AAL has a market cap of 14.34Billion dollars, sales of 12.83Billion dollars in the last 12 months, a P/S of 1.12, a growth in sales Q/Q of -53%, a growth in EPS Q/Q of 62.60%, a profit margin of -61.50% and a short float of 13%.
Rating: 60/100 since technicals are amazing and fundamentals are pretty bad I'll give AAL a 60/100 rating.
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AAL trade ideas
AAL buy strategy WEEKLY UPDATEThis is a long term buy and hold strategy. The price action of AAL has been consolidating exactly as we suspected before, with an optimal entry price of $21.50 with long term target of $25.85 and beyond. If the price falls to break below $21.97 for another week then move your entry to $22 and hold beyond $26. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at the same time.
American Airlines not soaring. AALHere looking at AAL dropping further down. The goals set out are conservative enough to work even if this is not the end of the whole impulse. Wave 4 or a more general ABC pattern is our view on the situation here.
Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically faire better at blindly longing SnP500 incase of the latter). Playing on the market whether you are an investor or a trader is risky. No good thing is ever without. Good luck out there.
AAL buy strategy1. R1 $23.00, R2 $25.00
2. S1 $21.50, S2 $23.00
This is a long term buy and hold strategy. After waiting for 2 weeks, AAL indeed consolidated from its last high to a better entry level. The optimal entry price is $21.50 with long term target of $25.85 and beyond. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at $the last closing of $22.00
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
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Good luck and big profits.
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
If you like the idea, subscribe and like it.
Good luck and big profits.
NEW POSITION. $AAL Target 26.07 for 13.45% $AAL Target 26.07 for 13.45%
Or double at 19.89
This one is an easy trade always... a little low%... wish there was a divy here... haha 😂 Just typing out load...
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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.
I start every position with 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.
TARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 daysTARGET HIT $AAL @ 24.99 for 16.67% Profit in 28 days
I didn't get to publish this one the day it sold because I had published too many charts that day 🤣 So here it is now a little late... I'm not even going to mark it short because it's too far away from that top now...