A1G trade ideas
American Airlines still doing pullback. Just wait then buyFor stock American Airlines ( AAL ) , well I thought that cycle wave I was finished, so now price will looking area 61.8% - 76.4% as reversal zone ( DISCLAIMER : This analysis is subject to change ( with or without notice by me )). If you like to get another analysis and signal, you can subscribe my VIP service TRISULA PREMIUM. Please feel free to DM me here. Thank you
$AAL American Airlines Review AAL had a strong rejection from the Fibonacci Golden Pocket @ $22.89, in reality
it had ran to far to fast and was overbought. The selloff has found support on the 12MA, any
recovery now must cross the main Fibs (while) and the local Fibs (yellow). Moving
averages and the VWAP $16.80-$17.50 is strogn resistance.
If trading remember the pain this week when placing your trade.
Fly Me To The Moon...Let me play among the stars.
Let me see what spring is like on...Jupiter and Mars .
In other words, hold my hand.
In other words, babe kiss me.
MAC D looking sweet.
RSI looking not over bought, not over sold. JUST RIGHT
SilverRoom TDI. WE GOOD!
So explain to me....whats going on?
Explain to me..where we will go?
I'll tell you now...we will go.
I'll tell you now...25+
You want to know when?
I'll say...before February!
Disclamer:
I'm a long term holder.
I'm not about paying 30 percent off my profits for some stupid short term play.
I'm about getting hit with that smooth 15 or less.
I am not a financial advisor. This might be just smoke
I might be wrong.
I might be lucky
AAL Long (Add to winner in up trend) Condition:
1. Breakaway Gap(G1), it ended the down trend.
2. Runaway Gap (G2) above previous Supply zone;
And Gap up above EMA144;
it shows in middle of an uptrend.
3. Re-test EMA144
4. previous Supply zone became a new demand zone
Next Earning date is 7/24/2020;
Buy: 17.5
Stop: 15.5
Target: 28 : Risk:Reward= 1:5
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Long AAL IntradayLooking at AAL today saw some good movement and it seems to be liking the 17.83 support area. In terms of probability, the stock holds some upside potential atleast until the next resistance 18.55. If the stock opens lower than the 17.83 support I will be looking at a more bearish outlook, a movement towards the 16.93 previous resistance. All in all in my analysis I deduce that
1. if the stock opens higher than the current resistance (18.55) I can definitely see a movement up to the 19.50 region and towards 20.30
2. If the stock opens at the current support (17.83) I can see it move upto to the resistance level 18.55 and profit with a quick scalp
3. if the stock open below the current support (17.83) I can see the stock move down to the previous resistance level (16.93)
My pick: #1
Given the right momentum and bull pressure we can break past the 19.50 region and if so I can place TPs at 19.50, 20.30 and 21.20
Let me know if you guys think of anything else. Just looking to record my ideas and if they help anyone with their own analysis, all the better.