AAL resistance from march crashAAL has tested this resistance at $26.11 multiple times. I'm looking at a break of this level for day trade possibly a swing.
A1G trade ideas
AAL long term play strategy
1. R1 $25.00, R2 $25.85
2. S1 $23.46, S2 $22.44
This is a long term buy and hold strategy. AAL has fallen from its last high of 25.85 to 24.24 with little signs of slowing down. Wait and see if $23.49 get tested, this can also be the area where first entry can be made with small position sizing only. Should it continue to fall, $22.44 is the next level to watch out. The optimal entry price is $21.00 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 $23.49.
AAL Week of 6-7 Perfect bounce off of the $24.24 support line, still maintaining its current uptrend. I’ll be looking for a push upward towards $26. So far it has failed to break over the $26 level 3 times in the last few months. If it can find a way over $26, the next resistance is $27.
If it were to break under $24.24, the next supportive areas would be $23.73, then around $22.65
AAL Channel ContinuationAAL looks to be in a near term uptrend channel. Largely due to recent upticks in travel #'s as we hit peak numbers of travel not seen since pre-COVID.
If inflation data next week doesn't heavy impact broader markets we should see a continuation of this uptrend. Negative impacts on oil/consumer spending from policy changes could be a break of this trendline and invalidate the trade.
Indicators
MACD turning
CCI at bottom of channel
AAL push to 26.15 & 27.00+ this week.AAL push to 26.15 & 27.00+ this week.
See chart for resitances along with supports.
AAL - GREAT Buy Opportunity !!Hello! Friends,
-This would be a great Buy Opportunity, IF AAL open above the Daily Resistance line at $22.17.
AMERICAN AIRLINES - 20% Higher Since our postYou don't like stocks?
Well, your bad.. AMERICAN AIRLINES is up over 20% since our post towards the end of April.
With Indices, Oil, Gold and Silver offering us an incredible opportunity (dip) to buy because of covid, American Airlines is still one of the last 'hidden gem opportunities' of the Coronavirus volatility.
Expectations? To hold for later and higher. First to 30$ and then higher.
the FXPROFESSOR
$AAL - COVID Recovery Gap Fill to $27?Was watching this for a while, but generally dont get involved in airlines. Today AAL has broken out of its ascending triangle, a bullish sign that may give this steam to fill the gap near $27. No position, but if you were interested, stop loss and target are included on setup.
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
AAL Fib LevelsFibonacci levels definitely had a big influence on AAL price action the past week. On Friday price broke down through .618 with volume. Last time this happened on 5/20 it went down to .5 level ($22.28). Looking to short on Monday if things are bearish.
AMERICAN AIRLINES - Up 12% since last postOne of the last 'Hidden gems'' trades of the covid era, American Airlines could be a nice flight to Money-Land.
With airports opening and people around the world ready to fly and travel again, AAL stock is up over 12% since last post and technically the price is in an ascending channel and should rise to test the 30-32$ resistance with potential of breaching over towards the normal 50-55$ levels.
Let's travel guys and don't forget to visit CYPRUS for your holidays.
(come visit me in Limassol)
the FXPROFESSOR
AAL: bullish MACD crossover applicableRemains a risky trade.
MACD bullish crossover on the daily time interval supports the trade idea.
A trough in the momentum also supports a bullish trend direction.
A price action above 21.43 supports a bullish trend.
RSI reading of 50 leaves enough room for further upside price potential.
Squeeze soon? Recovery stock bullrunIt’s about time to have AAL get new money and trap new money. Price is consolidating in the bottom of this channel for quite some time now. Prediction: invesrse h&s pattern. I’m expecting an impulsive move soon similar to last year in june when it jumped 100% in a short period of time. The golden fib pocket is sitting at ~39.40
Just be carefull because aal has been very disappointing I have yet to see it outperform/fight back when the market dumps. But I believe we will see a transition from overvalued techstock to undervalued recovery stocks to balance things out. GL
American Airlines summer comeback szn?Would like to see rsi kick back in for this stock and a nice recovery pattern, however it could keep falling to lower lows.
$AAL Weekly rangeAmerican Airlines is currently in an impulsive wave higher on the weekly timeframe. The daily chart shows the start of a slow pullback before continuing higher, but the current trend suggests a continuation from this range. As long as we don't go lower than 14.68 way below the weekly range, AAL's long bias will still be on target. Lagging span and green cloud all look very decent for a bigger move.
5/10 AAL(1) support 20
(2) short-term target: yellow gap zone above (~27)
(3) I think jets related will rally up, it is near the end of consolidation
Breakout imminent?!It is the 4.th time we are touching the upper resistance.
We also have a nice triangle pattern and got above the 2 EMAs.
There is only major risk, the overall market is overextended. If it corrects, it might pull AAL down as well.
American Airlines still in a downtrendEqual measured move takes us to 6$ or 2.8$, and we are still in a downslope channel
AAL - Recovery of initial price at 30.72 The initial reference is the start of Covid 19.
Start Price: 30.72
Target: 30.72
Actual Price: 21,47
Almost 50 percent.
